Core Viewpoint - Global Blockchain Acquisition Corp. will cease operations on April 14, 2025, and redeem all outstanding public shares due to the failure to complete an initial business combination by April 12, 2025 [1][2]. Group 1: Company Operations - The Company will stop all operations except for winding up and will redeem public shares within ten business days after the Record Date [2]. - The redemption price will be based on the total amount in the trust account, divided by the number of outstanding public shares, effectively extinguishing shareholders' rights [2]. - Public shares will cease trading on April 13, 2025, and will be deemed cancelled, representing only the right to receive the redemption amount [3]. Group 2: Securities and Delisting - There will be no redemption rights for the Company's warrants or rights, which will expire worthless [4]. - The Company plans to file a Form 25 with the SEC to delist its securities from the Nasdaq Stock Exchange and subsequently file a Form 15 to terminate the registration of its securities [4].
Global Blockchain Acquisition Corp. Announces Redemption of Public Shares and Subsequent Dissolution