Globalink Investment Inc. Announces Pricing of $100 Million Initial Public Offering on NASDAQ
December 6, 2021
NEW YORK, Dec. 06, 2021 (GLOBE NEWSWIRE) -- 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.
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