GLOBALINK INVESTMENT INC.: auditor change — Globalink Investment restates FY2024, Q1 2025 results due to redemption overpayment error

GLOBALINK INVESTMENT INC.

Overpayment of $0.246 per share to holders of 2,285,056 shares redeemed in December 2024 Extension Meeting.
Redemption paid at $11.7679/share; correct price should have been approx $11.5215/share.
Company expects material weakness in internal controls; will file amended 10-K and 10-Q.
Per Share Redemption Price error also failed to consider additional extension payments for non-redeeming stockholders.

item 4.02

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.95

GLOBALINK INVESTMENT INC. reported that prior financial statements should not be relied upon.

Action: non reliance

Exact text from the filing

025 Financial Statements ”) should no longer be relied upon and should be restated due to an accounting error relating to the overpayment in the redemption of the December 2024 Extension Meeting (as defined below) and an error relating to the calculation of the Per Share Redemption Price (as defined below). In connection with a special meeting of stockholders of the Company held on December 3, 2024 (the “ December 2024 Extension Meeting ”), as set forth in the Company’s Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (the “ SEC ”) on December 6, 2024, holders of 2,285,056 shares of the Company’s common stock (the “ Public Shares ”) properly exercised their right to redeem (the “ December 2024 Extension Redeeming Stockholders ”) such shares for a pro rata portion of the funds in the Company’s trust account (“ Trust Account ”). On December 11, 2024, a rede

View on SEC.gov

Browse all auditor changes →

Source: SEC EDGAR

accession 0001641172-25-024359

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.