Globalink Investment Inc.(GLLIU)

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Globalink Investment Inc.(GLLIU) - 2022 Q3 - Quarterly Report
2022-12-06 21:38
Financial Performance - As of September 30, 2022, the company reported a net loss of $129,141 for the three months ended, primarily due to operating expenses of $580,823 and interest income of $608,230 from investments held in the Trust Account[118]. - For the nine months ended September 30, 2022, the company had a net loss of $294,551, with general and administrative expenses totaling $824,303 and interest income of $696,468[119]. IPO and Capital Raising - The company completed its IPO on December 9, 2021, raising gross proceeds of $100 million from the sale of 10,000,000 units at $10.00 per unit[120]. - The total gross proceeds from the over-allotment option exercised by underwriters amounted to $15 million, bringing the total to $115 million from the IPO and over-allotment[121]. - The underwriters fully exercised their option to purchase 1,500,000 additional Units, generating gross proceeds of $11,500,000[135]. - The company has agreed to sell $15 million in PIPE Preferred Shares with a 10% monthly compound dividend to raise additional capital for the merger[111]. Trust Account and Use of Funds - As of September 30, 2022, the company held investments in the trust account totaling $117,421,567, with interest income of $696,468 available for tax payments[125]. - The company intends to use substantially all funds in the trust account to complete its initial business combination, with remaining proceeds allocated for working capital and growth strategies[126]. - As of September 30, 2022, the company had cash of $326,172 held outside the trust account, intended for identifying and evaluating target businesses[127]. Business Combination and Operations - The company entered into a Merger Agreement on August 3, 2022, to acquire Tomorrow Crypto for a total consideration of $210 million, with potential earn-out provisions based on performance milestones[110]. - The company has not commenced any operations and will not generate operating revenues until after completing an initial business combination[117]. - The company has until March 9, 2023, to consummate a Business Combination, or it will face mandatory liquidation and potential dissolution[132]. - As of September 30, 2022, there were no working capital loans outstanding, and the company may need to raise additional capital if the Business Combination is not consummated[130]. Financial Obligations and Risks - The company has no obligations, assets, or liabilities considered off-balance sheet arrangements as of September 30, 2022[133]. - The company does not have any long-term debt, capital lease obligations, operating lease obligations, or long-term liabilities[134]. - As of September 30, 2022, the company was not subject to any market or interest rate risk, with net proceeds held in U.S. government securities[144]. Accounting Policies - The company qualifies as an "emerging growth company" under the JOBS Act, allowing it to delay the adoption of new or revised accounting standards[137]. - The company has identified critical accounting policies that may materially affect reported amounts of assets and liabilities[139]. - The company accounts for warrants as either equity-classified or liability-classified instruments based on specific terms and applicable guidance[141]. Underwriter Agreements - The company has granted a right of first refusal to the underwriters for future public and private equity and debt offerings for a period of 18 months after the Business Combination[136].
Globalink Investment Inc.(GLLIU) - 2022 Q2 - Quarterly Report
2022-08-15 21:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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) 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 trans ...
Globalink Investment Inc.(GLLIU) - 2022 Q1 - Quarterly Report
2022-05-16 20:16
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 Commission File No. 001-41122 GLOBALINK INVESTMENT INC. (Exact name of registrant as specified in its charter) | | | (State or other jurisdiction of incorpora ...
Globalink Investment Inc.(GLLIU) - 2021 Q4 - Annual Report
2022-03-31 20:31
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 ...
Globalink Investment Inc.(GLLIU) - 2021 Q3 - Quarterly Report
2022-01-21 21:30
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, 2021 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☐ 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 ...