Globalink Investment Inc. Announces Pricing of $100 Million Initial Public Offering on NASDAQ
December 06 2021 - 8:50PM
Globalink Investment Inc. ("Globalink") announced today the pricing
of its initial public offering of 10,000,000 units at a public
offering price of $10.00 per unit, for gross proceeds of
$100,000,000, before deducting underwriting discounts and
commissions and other offering expenses payable by Globalink. Each
unit consists of one share of common stock, one right to receive
one-tenth (1/10) of one share of common stock upon the consummation
of an initial business combination, and one redeemable warrant to
purchase one-half (1/2) of one share of common stock at a price of
$11.50 per whole share.
The units will be listed on The Nasdaq Global
Market ("NASDAQ") and trade under the ticker symbol "GLLIU"
beginning on December 7, 2021. After the securities comprising the
units begin separate trading, the shares of common stock, rights
and warrants are expected to be listed on NASDAQ under the symbols
"GLLI," "GLLIR" and "GLLIW," respectively. The offering is expected
to close on December 9, 2021.
Chardan is acting as sole book-running manager
of the offering. In addition, Globalink has granted Chardan a
45-day option to purchase up to an additional 1,500,000 units at
the initial public offering price, less underwriting discounts and
commissions, to cover over-allotments, if any.
A registration statement relating to the
securities being sold in the offering was declared effective by the
U.S. Securities and Exchange Commission (the "SEC") on December 6,
2021. This offering is being made only by means of a prospectus.
When available, copies of the final prospectus relating to this
offering may be obtained from the offices of Chardan, 17 State
Street, 21st Floor, New York, New York 10004, or by telephone at
(646) 465-9001. These documents may be obtained free of charge,
when they are available, by visiting the SEC's website at
www.sec.gov.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy these securities,
nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction. Any offers,
solicitations or offers to buy, or any sales of these securities
will be made in accordance with the registration requirement of the
Securities Act of 1933, as amended.
About
Globalink Investment
Inc.
Globalink is led by Mr. Lim Say Leong (CEO).
Globalink is a blank check company formed for the purpose of
effecting a merger, share exchange, asset acquisition, share
purchase, reorganization or similar business combination with one
or more businesses. Although there is no restriction or limitation
on what industry or geographic region, Globalink intends to pursue
targets in North America, Europe, South East Asia, and Asia
(excluding China, Hong Kong and Macau) in the technology industry,
specifically within the e-commerce and payments sectors. The
proceeds of the offering will be used to fund such business
combination.
Cautionary
Note Concerning
Forward-Looking Statements
This press release contains certain
forward-looking information and forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. All statements, other than statements of historical fact, are
forward looking statements and are based on expectations, estimates
and projections as at the date of this press release. Any statement
that involves discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, assumptions,
future events or performance (often but not always using phrases
such as "expects", or "does not expect", "is expected",
"anticipates" or "does not anticipate", "plans", "budget",
"scheduled", "forecasts", "estimates", "believes" or "intends" or
variations of such words and phrases or stating that certain
actions, events or results "may" or "could", "would", "might" or
"will" be taken to occur or be achieved) are not statements of
historical fact and may be forward looking statements. Such
forward-looking statements, include, without limitation, statements
regarding the proceeds of the public offering, the units, common
stock, the shares of common stock, rights and warrants trading on
NASDAQ; the successful consummation of Globalink's initial public
offering and search for an initial business combination. These
forward-looking statements are based on reasonable assumptions and
estimates of management of the Company at the time such statements
were made. Actual future results may differ materially as
forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to materially differ
from any future results, performance or achievements expressed or
implied by such forward-looking statements including uncertainties
related to the potential that the Company may not receive some or
all of the gross proceeds from the offering, that the Company may
not be able to begin trading its securities on NASDAQ as planned,
or that the closing may not proceed as planned. Although the
forward-looking statements contained in this press release are
based upon what management of the Company believes, or believed at
the time, to be reasonable assumptions, the Company cannot assure
holders of the Company’s securities that actual results will be
consistent with such forward-looking statements, as there may be
other factors that cause results not to be as anticipated,
estimated or intended. Important factors that could cause actual
results to differ materially from those in the forward-looking
statements are set forth in the Company’s filings with the SEC,
including its registration statement on Form S-1, as amended (File
No. 333-261222), including under the caption "Risk Factors."
Accordingly, readers should not place undue reliance on
forward-looking statements and information. There can be no
assurance that forward-looking information, or the material factors
or assumptions used to develop such forward-looking information,
will prove to be accurate. The Company does not undertake any
obligations to release publicly any revisions for updating any
voluntary forward-looking statements, except as required by
applicable law.
Globalink
Contact:Lim Say LeongGlobalink Investment
Inc.Telephone: 212-382-4605Email: sllim@globalinkinvestment.com
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