8-K
filed December 4, 2023, 6:59 PM ET
CIK 0001888734
other material
confidence high
sentiment negative
materiality 0.70
Globalink extends business combination deadline to Dec 2024; ~46% of public shares redeemed
GLOBALINK INVESTMENT INC.
- Stockholders approved charter and trust amendments to extend deadline up to 12 monthly extensions to Dec 9, 2024.
- 2,180,738 public shares redeemed at ~$10.82/share for an aggregate of ~$23.60M.
- Trust account now holds ~$27.73M with 2,562,567 public shares outstanding.
- First monthly extension to Jan 9, 2024 obtained by depositing $60,000 into trust.
- Kian Huat Lai re-elected as Class I director to serve until 2026 annual meeting.
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.95
GLOBALINK INVESTMENT INC.: Stockholders approved an amendment to the Amended and Restated Certificate of Incorporation to change the structure and cost of the Company's right to extend the termination date for a business combination by up to twelve monthly extensions to December 9, 2024, requiring a $60,000 deposit per extens (effective 2023-11-28).
- Change
- charter amendment
- Effective
- 2023-11-28
Exact text from the filing
The stockholders of the Company approved the Amendment of Charter at the Special Meeting, changing the structure and cost of the Company’s right to extend the date (the “ Termination Date ”) by which the Company must (i) consummate a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination involving the Company and one or more businesses (a “business combination”), (ii) cease its operations if it fails to complete such business combination, and (iii) redeem or repurchase 100% of the Company’s outstanding public shares of common stock included as part of the units sold in the Company’s initial public offering that closed on December 9, 2021 (the “ IPO ”), which is currently December 9, 2023 unless extended.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
GLOBALINK INVESTMENT INC. shareholders approved Extension Amendment Proposal to amend the certificate of incorporation to extend the business combination deadline from December 9, 2023 to up to December 9, 2024 at the 2023-11-28 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-11-28
Exact text from the filing
Proposal 1- Extension Amendment Proposal The stockholders of the Company approved the proposal (the “ Extension Amendment Proposal ”) to amend Company’s second amended and restated certificate of incorporation, to extend the date by which the Company must (i) consummate a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination involving the Company and one or more businesses, which we refer to as a “business combination,” (ii) cease its operations if it fails to complete such business combination, and (iii) redeem or repurchase 100% of the Company’s outstanding public shares of common stock included as part of the units sold in the Company’s initial public offering that was consummated on December 9, 2021, which we refer to as the “IPO,” from December 9, 2023 to, if the Company elects to extend the date to consummate a business combination, for up to twelve times of monthly extensions, December 9, 2024, unless the closing of the
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
GLOBALINK INVESTMENT INC. shareholders approved Election of Kian Huat Lai as Class I Director at the 2023-11-28 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-11-28
Exact text from the filing
Proposal 3 – Director Election Proposal The stockholders of the Company approved the proposal to re-elect Kian Huat Lai as Class I director of the Company, until the annual meeting of the Company to be held in 2026 or until his successor is appointed and qualified. The following is a tabulation of the voting results: Common Stock: Votes For Votes Against Abstentions Number of Shares Voted: 6,373,351 108,594 7,500
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
GLOBALINK INVESTMENT INC. shareholders approved Trust Amendment Proposal to amend the Trust Agreement to extend the business combination deadline from December 9, 2023 to up to December 9, 2024 with monthly extension deposits at the 2023-11-28 meeting.
- Proposal
- merger approval
- Outcome
- passed
- Meeting
- 2023-11-28
Exact text from the filing
Proposal 2 - Trust Amendment Proposal The stockholders of the Company approved the proposal to amend the Company’s Trust Agreement with Continental (the “ Trust Amendment Proposal ”), pursuant to which the Company’s Trust Agreement with Continental be amended to extend the time for the Company to complete its initial business combination under the Trust Agreement from (x) December 9, 2023, to (y) up to December 9, 2024, if the Company elects to extend the date to consummate a business combination, for up to twelve times of monthly extensions, by depositing into the Trust Account $60,000 for each one-month extension from December 9, 2023 to December 9, 2024, unless the Closing of the Company’s initial business combination shall have occurred. The following is a tabulation of the voting results: Common Stock: Votes For Votes Against Abstentions Number of Shares Voted: 6,378,351 108,594 2,500
View on SEC.gov
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