Item 1.02. Termination of a Material Definitive Agreement.
As previously disclosed, on August 3, 2022, Globalink Investment Inc., a company
incorporated under the laws of Delaware ("Globalink" or the "Company"), entered
into an agreement and plan of merger (the "Merger Agreement") with (i) Globalink
Merger Sub, Inc., a Nevada corporation, (ii) Tomorrow Crypto Group Inc., a
Nevada corporation ("Tomorrow"), (iii) GL Sponsor LLC, a Delaware limited
liability company, as representative of Globalink, and (iv) Mingliu Wang, an
individual, as representative of Tomorrow (each, a "Party" and collectively, the
"Parties").
In accordance with the termination provisions under Section 10.1 of the Merger
Agreement, the Merger Agreement was terminated March 8, 2023 (the "Termination
Date"). In conjunction with the termination of the Merger Agreement, the
Additional Agreements (as defined in the Merger Agreement) (including the
Support Agreements) have also been terminated in accordance with their
respective terms as of March 8, 2023, the Termination Date.
Globalink intends to seek a business combination with another operating company.
As disclosed in the current report on Form 8-K filed by Globalink with the U.S.
Securities and Exchange Commission on March 10, 2023 (File Number: 001-41122),
if Globalink has not consummated an initial business combination by June 9,
2023, or up to December 9, 2023 if the time-period is extended, Globalink will
be required to dissolve and liquidate. If Globalink anticipates that it may not
be able to consummate its initial business combination on or before June 9,
2023, Globalink may, but is not obligated to, extend the period of time to
consummate a business combination, for up to another four times by a three-month
extension followed by three one-month extension through December 9, 2023 (for a
total of up to 24 months after the date Globalink consummated its initial public
offering to complete a business combination) pursuant to the terms of
Globalink's second amended and restated certificate of incorporation and the
trust agreement, as amended, originally entered into between Globalink and
Continental Stock Transfer & Trust Company, the trustee, on December 6, 2021.
Item 8.01 Other Events
Globalink issued the press release filed herewith on March 14, 2023. The press
release attached as Exhibit 99.1 are incorporated by reference herein.
Forward-Looking Statements
This current report on Form 8-K includes "forward-looking statements" within the
meaning of the safe harbor provisions of the United States Private Securities
Litigation Reform Act of 1995. Certain of these forward-looking statements can
be identified by the use of words such as "believes," "expects," "anticipates,"
"intends," "plans," "estimates," "assumes," "may," "should," "will," "would,"
"will be" "seeks," or other similar expressions. These statements are based on
current expectations on the date of this current report on Form 8-K and involve
a number of risks and uncertainties that may cause actual results to differ
significantly. Globalink does not assume any obligation to update or revise any
such forward-looking statements, whether as the result of new developments or
otherwise. Readers are cautioned not to put undue reliance on forward-looking
statements.
Item 9.01. Exhibits.
Exhibit
Number Description of Exhibit
99.1 Press Release dated March 14, 2023
104 Cover Page Interactive Data File (the cover page XBRL tags are embedded
within the inline XBRL document)
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