- Globalink Investment (NASDAQ:GLLIU) has priced its initial public offering of 10M units at $10.00 per unit, for gross proceeds of $100M.
- Each unit consists of one share of common stock, one right to receive one-tenth of one share of common stock upon the consummation of an initial business combination, and one redeemable warrant to purchase one-half of one share of common stock at a price of $11.50 per whole share.
- Underwriters' over-allotment is an additional 1.5M units.
- The units will be listed on Nasdaq today.
- The offering is expected to close on December 9, 2021.
- SPAC 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.