Globalink Investment Inc. (GLLI) has released an update to notify the public and investors about an entry into a material definitive agreement.
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Globalink Investment Inc., a Delaware-based blank check company, has entered into a Merger Agreement with Alps Global Holding Berhad, which will result in Alps becoming a wholly-owned subsidiary of Globalink after a merger with Globalink’s newly incorporated subsidiary in the Cayman Islands. Alps shareholders will receive Globalink common stock worth $1.6 billion, with the potential for an additional 48 million shares through an earn-out provision if revenue milestones are achieved over five years post-merger. The agreement includes customary closing conditions, representations, warranties, and indemnities, and has been approved by both companies’ boards with recommendations for shareholder approval.
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For a comprehensive understanding of the announcement, you can read the full document here.