Financial Performance - As of June 30, 2024, the company reported a net loss of $217,185, primarily due to operating expenses of $419,611 and interest expense of $43,602, partially offset by interest income of $344,645 from the Trust Account[111]. - For the six months ended June 30, 2024, the company had a net loss of $592,492, with total operating expenses of $1,023,082 and interest income of $687,312 from the Trust Account[111]. - The company generated a net income of $970,571 for the six months ended June 30, 2023, driven by interest income of $1,929,116 from the Trust Account, despite operating expenses of $468,947[112]. Initial Public Offering (IPO) and Business Combination - The company completed its IPO on December 9, 2021, raising gross proceeds of $100,000,000 from the sale of 10,000,000 units, with each unit priced at $10.00[113]. - The company has extended the deadline to complete its initial business combination to September 9, 2024, with the possibility of further extensions up to December 9, 2024[104]. - The company entered into a Merger Agreement on January 30, 2024, to combine with Alps Global Holding Pubco, with the transaction structured in two steps[106]. - The Company has until September 9, 2024, to consummate a business combination, extendable to December 9, 2024, with substantial doubt about its ability to continue as a going concern if not completed[131]. Capital and Funding - The company plans to raise additional capital through a PIPE Investment, agreeing to sell shares at $10.00 per share for a total of $40,000,000[107]. - The Company may need to raise additional capital if the initial business combination is not consummated, which could involve loans or investments from various stakeholders[129]. - The total amount owed in connection with promissory notes as of June 30, 2024, was $3,384,252, including accrued interest[140]. - The Company entered into multiple promissory notes with Public Gold Marketing Sdn Bhd, totaling $2,390,000 for extension fees and working capital, all fully borrowed as of June 30, 2024[123][124][125][126][127][128][137][138][139][140]. Trust Account and Cash Management - As of June 30, 2024, the cash held in the Trust Account was $29,281,763, an increase from $28,668,218 as of December 31, 2023[120]. - Interest income from the Trust Account for the six months ended June 30, 2024, was $687,312, with $433,768 withdrawn for tax payments[120]. - The Company had $143,153 in cash held outside the Trust Account as of June 30, 2024, compared to $79,073 as of December 31, 2023[121]. - The company has liquidated U.S. government securities in its Trust Account and is holding all funds in cash to mitigate risks associated with being deemed an unregistered investment company[117]. Operating Activities - Cash used in operating activities for the six months ended June 30, 2024, was $1,559,688, compared to $1,039,268 for the same period in 2023[118]. - As of June 30, 2024, the company had not commenced any operations and relies on interest income from the Trust Account for non-operating income[110]. Debt and Liabilities - The Company does not have any long-term debt, capital lease obligations, or off-balance sheet arrangements as of June 30, 2024[132][133]. - The company has no obligations or liabilities related to off-balance sheet arrangements as of June 30, 2024[132]. Accounting and Reporting - The company qualifies as an "emerging growth company" under the JOBS Act, allowing it to delay the adoption of new accounting standards[142]. - The company is evaluating the benefits of reduced reporting requirements under the JOBS Act, which may exempt it from certain disclosures for five years post-IPO[143]. - Management's financial estimates are based on significant judgments and historical experience, ensuring compliance with U.S. GAAP[144]. - The company accounts for warrants as either equity or liability based on specific terms, with private warrants classified as liabilities at fair value[145]. - The fair value of private placement warrants is estimated using assumptions related to exercise price, market price, expected life, and risk-free interest rate[146]. - Management does not anticipate that recently issued accounting standards will materially affect its financial statements as of June 30, 2024[147]. - There were no changes in internal control over financial reporting that materially affected the company's controls during the most recent fiscal quarter[151]. - The company plans to enhance processes to better evaluate complex accounting standards over time[151]. Underwriting and Discounts - The underwriters are entitled to a deferred underwriting discount of $4,025,000 from the Trust Account upon completion of an initial business combination[134].

Group 1 - Globalink Investment Inc. announced an extension of its deadline to complete its initial business combination from June 9, 2024, to July 9, 2024, by depositing $60,000 into its trust account [4] - This extension marks the twelfth extension since the company's initial public offering on December 9, 2021, and the seventh of twelve extensions allowed under its governing documents [4] Group 2 - Globalink is a special purpose acquisition company (SPAC) formed to pursue mergers, share exchanges, asset acquisitions, and similar business combinations with one or more businesses [6] - The company intends to target opportunities in the medical technology and green energy industries across North America, Europe, Southeast Asia, and Asia (excluding China, Hong Kong, and Macau) [6]

Financial Performance - As of March 31, 2024, the company reported a net loss of $375,307, primarily due to operating expenses of $603,471 and interest expenses of $33,395[133]. - For the three months ended March 31, 2023, the company had a net income of $682,939, driven by interest income of $1,257,477 from investments held in the Trust Account[134]. - The company generated gross proceeds of $100,000,000 from its IPO, selling 10,000,000 units at $10.00 per unit[135]. - Cash used in operating activities for the three months ended March 31, 2024, was $885,807, compared to $79,619 for the same period in 2023[140][141]. Trust Account and Cash Management - The company had cash held in the Trust Account of $29,047,273 as of March 31, 2024, with interest income of $342,667 for the quarter[142]. - The company intends to use substantially all funds in the Trust Account to complete its business combination, with remaining proceeds allocated for working capital[143]. - The underwriters are entitled to a deferred underwriting discount of $4,025,000 from the closing of the IPO, payable only if the Company completes an initial business combination[162]. Business Combination and Extensions - The company has extended the deadline to complete its initial business combination to June 9, 2024, with the possibility of further extensions up to December 9, 2024[129]. - The Company has a deadline until June 9, 2024, to consummate a business combination, which can be extended to December 9, 2024, if requested by the Sponsor[157]. - If the business combination is not consummated by the deadline, the Company may face mandatory liquidation and potential dissolution[157]. Debt and Financial Obligations - The company has no working capital loans outstanding as of March 31, 2024, but has entered into promissory notes totaling $640,000 for extension fees, repayable upon consummation of an initial business combination[146][147]. - The Company has borrowed a total of $2,640,649 in connection with promissory notes as of March 31, 2024, which includes accrued interest[172]. - The Company entered into multiple promissory notes with Public Gold Marketing Sdn Bhd, including $700,000 for extension fees, $250,000 for working capital, and $300,000 for working capital, all bearing an interest of 6% per annum[166][149][153]. - As of March 31, 2024, the full amounts of the promissory notes have been borrowed, with no additional amounts available under these notes for borrowing[166][149][153]. - The Company has no long-term debt, capital lease obligations, operating lease obligations, or long-term liabilities as of March 31, 2024[160]. - The Company has no off-balance sheet arrangements or obligations as of March 31, 2024[158]. Regulatory and Compliance - The Company is classified as an "emerging growth company" under the JOBS Act, allowing it to delay the adoption of new or revised accounting standards[173]. - The company may need to raise additional capital through loans or investments if the initial business combination is not consummated[155]. Operating Status - The company has not commenced any operations and will not generate operating revenues until after completing an initial business combination[132]. - The company incurred offering costs of $6,887,896 related to the IPO, including $2,300,000 in underwriting fees[137].

New York, NY, April 09, 2024 (GLOBE NEWSWIRE) -- Globalink Investment Inc. (NASDAQ:GLLI, GLLIW, GLLIR, GLLIU))) ("Globalink" or the "Company"), a special purpose acquisition company, announced today that on April 9, 2024, it caused to be deposited $60,000 (the "Extension Payment") into its trust account (the "Trust Account") with Continental Stock Transfer and Trust Company ("Continental") to extend the deadline to complete its initial business combination from April 9, 2024 to May 9, 2024. The extension is ...

Financial Performance - As of December 31, 2023, the company reported a net income of $1,320,324, primarily from interest income of $3,090,407 and a change in fair value of warrant liabilities of $4,389, offset by operating expenses of $991,868[277]. - As of December 31, 2023, cash used in operating activities was $1,402,478, with net income impacted by interest earned on cash and investments held in the trust account[285]. - The company had $79,073 and $81,763 of cash held outside the trust account as of December 31, 2023, and 2022, respectively, intended for evaluating target businesses and due diligence[289]. - As of December 31, 2023, the total amount owed in connection with promissory notes was $1,757,255, including accrued interest[311]. - The Company has no long-term debt, capital lease obligations, or long-term liabilities as of December 31, 2023[302]. - The Company has no off-balance sheet arrangements as of December 31, 2023[301]. Investments and Trust Account - The company had investments held in the trust account amounting to $28,668,218 as of December 31, 2023, down from $118,408,969 in 2022[287]. - The company intends to use substantially all funds held in the trust account to complete its business combination, with remaining proceeds allocated for working capital[288]. Business Combination and Extensions - On November 28, 2023, stockholders approved an extension of the deadline for completing a business combination from December 9, 2023, to December 9, 2024, with a deposit requirement of $60,000 for each extension[273]. - The company has extended the termination date four times under its current amended certificate of incorporation, allowing for a total of nine extensions since the IPO[274]. - The Company has until April 9, 2024, to consummate a business combination, with a possible extension to December 9, 2024[299]. - The Company intends to complete a business combination before the mandatory liquidation date[299]. Shareholder Actions - On March 6, 2023, stockholders redeemed 6,756,695 shares for approximately $69.92 million at a price of $10.35 per share[269]. Compliance and Notifications - The company was notified by Nasdaq on October 16, 2023, regarding non-compliance with the requirement of maintaining at least 400 total holders for continued listing[272]. Promissory Notes and Financing - The Company entered into multiple promissory notes with Public Gold Marketing Sdn Bhd, totaling $1,450,000 for extension fees and working capital, all of which had been fully borrowed by December 31, 2023[292][293][294][295][296]. - The promissory notes bear an interest rate of 6% per annum and are repayable upon consummation of an initial business combination[292][293][294][295][296]. - An affiliate of the Sponsor advanced $390,000 to the Company, which is reflected in "Due to Affiliate" on the consolidated balance sheet as of December 31, 2023[297]. IPO and Underwriting - The company generated gross proceeds of $100,000,000 from its IPO by selling 10,000,000 units at an offering price of $10.00 per unit[280]. - The underwriters are entitled to a deferred underwriting discount of $4,025,000 from the closing of the IPO, payable only if the Company completes an initial business combination[304].

New York, NY, March 11, 2024 (GLOBE NEWSWIRE) -- Globalink Investment Inc. (NASDAQ:GLLI, GLLIW, GLLIR, GLLIU))) ("Globalink" or the "Company"), a special purpose acquisition company, announced today that on March 8, 2024, it caused to be deposited $60,000 (the "Extension Payment") into its trust account (the "Trust Account") with Continental Stock Transfer and Trust Company ("Continental") to extend the deadline to complete its initial business combination from March 9, 2024 to April 9, 2024. The extension ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-41122 GLOBALINK INVESTMENT INC. (Exact name of registrant as specified in its charter) Delaware 36-4984573 (State or other jurisdi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-41122 GLOBALINK INVESTMENT INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 36-4984573 (I.R.S. Employer Identification No.) (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECUR ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-41122 GLOBALINK INVESTMENT INC. (Exact name of registrant as specified in its charter) | 36-4984573 | | --- | | Delaware | (State or o ...

Operations and Business Combination - As of December 31, 2022, the company had not commenced any operations and will not generate operating revenues until after completing an initial business combination[251]. - The Company has until June 9, 2023, to complete a business combination, failing which it may face mandatory liquidation and dissolution[266]. - The merger agreement with Tomorrow was terminated on March 8, 2023, along with associated agreements[250]. - Management has determined that there is substantial doubt about the Company's ability to continue as a going concern if a business combination is not completed[266]. - The company may need to raise additional capital if the initial business combination is not consummated, which could involve loans or investments from sponsors or third parties[265]. Financial Performance - For the year ended December 31, 2022, the company reported a net income of $224,242, primarily from interest income of $1,683,870 and a change in fair value of warrant liabilities of $108,300[252]. - The company incurred cash used in operating activities of $730,469 for the year ended December 31, 2022[258]. - As of December 31, 2022, the company had cash held outside the trust account amounting to $81,763, down from $812,232 in 2021[262]. Trust Account and Investments - The company had investments held in the trust account totaling $118,408,969 as of December 31, 2022, with interest income available to pay taxes[260]. - The company intends to use substantially all funds in the trust account to complete its business combination, with remaining proceeds for working capital[261]. IPO and Capital Raising - The company completed its IPO on December 9, 2021, raising gross proceeds of $100,000,000 from the sale of 10,000,000 units at $10.00 per unit[254]. - The underwriters exercised a 45-day option to purchase 1,500,000 additional units, generating gross proceeds of $11,500,000[270]. - On March 6, 2023, stockholders approved an amendment allowing the company to extend the termination date for business combination by up to two three-month extensions, requiring deposits of $390,000 for each extension[246]. Accounting and Financial Reporting - The Company qualifies as an "emerging growth company" under the JOBS Act, allowing it to delay the adoption of new accounting standards[272][273]. - The Company has not identified any recently issued accounting standards that would materially affect its consolidated financial statements as of December 31, 2022[278]. - The Company adopted ASU 2020-06 on March 24, 2021, which did not impact its financial statements[277]. - The fair value of the warrants is estimated using a binomial lattice model, with private warrants classified as liabilities[276]. - The Company has no market or interest rate risk as of December 31, 2022, with net proceeds invested in U.S. government securities[279]. Off-Balance Sheet Arrangements - As of December 31, 2022, the Company reported no off-balance sheet arrangements or long-term liabilities[267][268]. Rights and Refusals - The Company has granted a right of first refusal to Chardan Capital Markets, LLC for future public and private equity and debt offerings for 18 months post-initial business combination[271].