Globalink Investment(GLLI)

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Globalink Investment(GLLI) - 2023 Q4 - Annual Report
2024-04-02 01:07
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].
Globalink Investment Inc. Announces Extension of the Deadline to Complete a Business Combination to April 9, 2024
Newsfilter· 2024-03-11 20:15
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 ...
Globalink Investment(GLLI) - 2023 Q3 - Quarterly Report
2023-11-13 16:00
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 ...
Globalink Investment(GLLI) - 2023 Q2 - Quarterly Report
2023-08-14 16:00
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 ...
Globalink Investment(GLLI) - 2023 Q1 - Quarterly Report
2023-05-17 16:00
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 ...
Globalink Investment(GLLI) - 2022 Q4 - Annual Report
2023-04-16 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to (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 Numb ...
Globalink Investment(GLLI) - 2022 Q3 - Quarterly Report
2022-12-05 16:00
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, 2022 ☐ 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 incorporati ...
Globalink Investment(GLLI) - 2022 Q2 - Quarterly Report
2022-08-14 16:00
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 June 30, 2022 ☐ 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 incorporat ...
Globalink Investment(GLLI) - 2022 Q1 - Quarterly Report
2022-05-15 16:00
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, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 1180 Avenue of the Americas, 8th Floor New York, 10036 (Ad ...
Globalink Investment(GLLI) - 2021 Q4 - Annual Report
2022-03-30 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-41122 GLOBALINK INVESTMENT INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organizati ...