Liquidation: Global Blockchain Acquisition Corp.
Form Type: 8-K
Filing Date: 2025-04-14
Corporate Action: Liquidation
Type: Update
Accession Number: 000121390025031527
Filing Summary: Global Blockchain Acquisition Corp. announced on April 14, 2025, that its Board of Directors decided not to extend the business combination period beyond April 12, 2025. As a result, the company will cease operations on April 14, 2025, and will redeem all outstanding shares of common stock issued in its initial public offering as of the close of business on the Record Date. Shareholders will receive a pro rata portion of funds held in the Company’s Trust Account, with the redemption price anticipated to be approximately $11.49 per share, including potential reimbursements from Delaware franchise tax payments. Trading of the public shares will also cease on this date, leading to the company’s planned dissolution, liquidation, and delisting from the Nasdaq Stock Exchange.
Document Link: View Document
Additional details:
Title Of Each Class: Common Stock, par value $0.0001 per share
Trading Symbol: GBBK
Name Of Each Exchange: The NASDAQ Stock Market LLC
Title Of Each Class: Redeemable warrants, each warrant exercisable for one share of common stock at an exercise price of $11.50 per whole share
Trading Symbol: GBBKW
Name Of Each Exchange: The NASDAQ Stock Market LLC
Title Of Each Class: Rights, each entitling the holder to receive one-tenth of one share of common stock
Trading Symbol: GBBKR
Name Of Each Exchange: The NASDAQ Stock Market LLC
Redemption Price: Approximately $11.49
Franchise Tax Refund Amount: Up to approximately $79,000 in aggregate
Form Type: 8-K
Filing Date: 2025-04-09
Corporate Action: Liquidation
Type: New
Accession Number: 000121390025030321
Filing Summary: On April 9, 2025, Global Blockchain Acquisition Corp. announced that its Board of Directors decided not to extend the business combination period beyond April 12, 2025. Consequently, the company will cease its operations on April 14, 2025, and redeem all outstanding public shares. The holders of these shares will receive a pro rata portion of the funds held in the Company’s Trust Account as of the Record Date. This decision indicates the company's intent to liquidate its remaining assets due to the failure to consummate an initial business combination within the stipulated time frame outlined in its Charter.
Document Link: View Document
Additional details:
Business Combination End Date: 2025-04-12
Cease Operations Date: 2025-04-14
Record Date: 2025-04-14
Redemption Terms: holders of public shares will receive a pro rata share of the funds held in the Company’s Trust Account
Comments
No comments yet. Be the first to comment!