GBBK SEC filings, in plain English
Everything Global Blockchain Acquisition Corp. has filed with the SEC that we hold — 40 filings, newest first, 4 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
The feed
live EDGAR captureNew filings appear here within minutes of hitting EDGAR; summaries follow once the pipeline has read them.
trust account, combination deadline, going-concern doubt +1nothing moved · 4 with no prior record of ours
- Trust account
- $26.3M · unchanged
- Combination deadline
- 2024-09-12 · unchanged
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 746K · unchanged
The clause …“condensed consolidated statements of operations. At December 31, 2023, assets held in the Trust Account were comprised of $ 26,295,331 in a money market fund which is invested primarily in U.S. Treasury Securities. Through December 31,”…
The clause …“payment of $ 18.5 million. If the Company is unable to complete an initial Business Combination by September 12, 2024, as extended monthly for up to six months (ultimately until as late as November 12, 2024), or amend its charter to”…
The clause …“a Business Combination not occur, and potential subsequent dissolution, raise substantial doubt about the Company’s ability to continue as a going concern. Management intends to complete a Business Combination; however, the Company”…
The clause “0,000,000 shares authorized; 4,762,500 shares issued and outstanding, excluding 745,853 and 2,429,380 shares subject to possible redemption, as of September 30, 2024 and December 31, 2023, respectively 476 476 Preferred stock, $ 0.0001”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Global Blockchain Acquisition Corp. called a special meeting for November 5, 2024 at 11:00 a.m. Eastern Time, fully virtual, to extend the combination deadline from November 12, 2024 monthly for up to nine additional months at the Company's election, with the Sponsor or its designees holding sole discretion whether to keep extending. The anticipated redemption price is approximately $11.11 per share. If the Extension and Trust Amendment Proposals are not approved and no combination closes by November 12, 2024, the Company will dissolve and liquidate. Why it matters: The $11.11 per share trust value is the floor and this SPAC ultimately liquidated, so holders who redeemed or waited for liquidation realized close to that figure. The asymmetry to note is that the sponsor holds sole discretion over whether each additional month is taken, meaning public holders can be left waiting on a decision they do not control. The November 1, 2024 tender deadline is hard, and missing it forfeits the redemption for that window.
What changed vs 2024-04-26deadline 2024-05-12 → 2025-05-09combination deadline, trust account1 moved · 1 with no prior record of ours
- Combination deadline
- 2024-05-122025-05-09
- Trust account
- $4.3M · unchanged
SpacBrain reads this as 362 days later than the previous record.
The clause …“36 -month window ends on May 9, 2025. Therefore, if we do not complete our business combination by May 9, 2025, our securities will be suspended and delisted from Nasdaq. In addition, while we may appeal the suspension and delisting,”…
The clause …“our Sponsor and our officers and directors will not receive any monies held in the Trust Account as a result of their ownership of 4,312,500 Founder Shares that were issued prior to our IPO. As a consequence, a liquidating”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
- What changed vs 2024-06-07trust $26.7M → $26.3M -2%deadline 2024-06-12 → 2024-09-12shares 2.43M → 746K -69%
trust account, combination deadline, redeemable shares +13 moved · 1 with no prior record of ours
- Trust account
- $26.7M$26.3M
- Combination deadline
- 2024-06-122024-09-12
- Redeemable shares
- 2.43M746K
- Going-concern doubt
- stated · unchanged
SpacBrain reads this as $430,656 left the trust between the two filings.
The clause …“condensed consolidated statements of operations. At December 31, 2023, assets held in the Trust Account were comprised of $ 26,295,331 in a money market fund which is invested primarily in U.S. Treasury Securities. Through December 31,”…
SpacBrain reads this as 92 days later than the previous record.
The clause …“payment of $ 18.5 million. If the Company is unable to complete an initial Business Combination by September 12, 2024, as extended monthly for up to six months (ultimately until as late as November 12, 2024), or amend its charter to”…
SpacBrain reads this as 1,683,527 shares are no longer redeemable.
The clause “0,000,000 shares authorized; 4,762,500 shares issued and outstanding, excluding 745,853 and 2,429,380 shares subject to possible redemption, as of June 30, 2024 and December 31, 2023 476 476 Preferred stock, $ 0.0001 par value; 1,000,000”…
The clause …“a Business Combination not occur, and potential subsequent dissolution, raise substantial doubt about the Company’s ability to continue as a going concern. Management intends to complete a Business Combination; however, the Company”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Item 8.01. Global Blockchain Acquisition Corporation reports that, following the Nasdaq notice that it did not comply with Listing Rule 5450(a)(2) (400 total holders for the Nasdaq Global Market), it applied on June 21, 2024 to transfer its listed securities to the Nasdaq Capital Market; the application was granted on June 28, 2024 and the transfer became effective July 2, 2024. The company states that as a result of the transfer the deficiencies cited in the total shareholders notice have been rendered moot. Why it matters: The deficiency is resolved by moving to a market tier with a lower holder requirement rather than by gaining holders, so the listing survives at a lower standard. Compare Capitalworks, which attempted the same transfer and was delisted because it also failed the Capital Market's 300-holder test.
- What changed vs 2023-11-15trust $177.6M → $26.7M -85%deadline 2024-05-12 → 2024-06-12
trust account, combination deadline, redeemable shares +12 moved · 2 with no prior record of ours
- Trust account
- $177.6M$26.7M
- Combination deadline
- 2024-05-122024-06-12
- Redeemable shares
- not previously extracted2.43M
- Going-concern doubt
- stated · unchanged
SpacBrain reads this as $150,838,401 left the trust between the two filings.
The clause …“34,100 34,100 Total Current Assets 548,910 476,345 Marketable securities held in Trust Account 26,725,987 26,295,331 TOTAL ASSETS $ 27,274,897 $ 26,771,676 LIABILITIES, COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION AND STOCKHOLDERS’”…
SpacBrain reads this as 31 days later than the previous record.
The clause “ENTS MARCH 31, 2024 (Unaudited) If the Company is unable to complete an initial Business Combination by June 12, 2024, as extended monthly for up to six months (ultimately until as late as November 12, 2024), or amend its charter to”…
The clause “0,000,000 shares authorized; 4,762,500 shares issued and outstanding, excluding 2,429,380 shares subject to possible redemption, as of March 31, 2024 and December 31, 2023 476 476 Preferred stock, $ 0.0001 par value; 1,000,000 shares”…
The clause …“a Business Combination not occur, and potential subsequent dissolution, raise substantial doubt about the Company’s ability to continue as a going concern. Management intends to complete a Business Combination; however, the Company”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Items 3.01, 5.02, 5.03 and 5.07. On May 7, 2024 Global Blockchain Acquisition received a Nasdaq letter that it does not comply with Listing Rule 5450(a)(2) 400-total-holder requirement, with a plan due by June 21, 2024. At its annual meeting stockholders elected seven directors and ratified WithumSmith+Brown, PC, and approved amending the charter and trust agreement to extend the business combination date from May 12, 2024 monthly for up to six months, to as late as November 12, 2024, on monthly contribution of the lesser of $25,000 or $0.05 per public share (6,364,154 for, 4,366 against). Why it matters: 1,683,527 shares were redeemed in connection with the charter amendment, leaving 5,508,353 shares outstanding of which only 745,853 are public shares from the IPO — so the public float is about 13.5% of the share count, which is the direct cause of the 400-holder deficiency reported in the same document. November 12, 2024 is reachable only by funding each of the six monthly contributions. Note the report dates the meeting March 7, 2024, before both the March 28, 2024 record date and the April 26, 2024 proxy it cites.
- What changed vs 2023-03-31deadline 2023-08-05 → 2024-05-12
combination deadline, trust account, going-concern doubt +31 moved · 5 with no prior record of ours
- Combination deadline
- 2023-08-052024-05-12
- Trust account
- $177.6M · unchanged
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $546Knot matched in this filing
- Mandate language
- focus our search for a target business on entities in the bl… · unchanged
- Redeemable shares
- 17.3Mnot matched in this filing
SpacBrain reads this as 281 days later than the previous record.
The clause …“of the Business Combination. If the Company is unable to complete an initial Business Combination by May 12, 2024, or amend its charter to further extend the business combination period, it will: (i) cease all operations except for the”…
The clause …“recorded in the statements of operations. F- 19 At December 31, 2022, assets held in the Trust Account were comprised of $ 177,564,388 in a money market fund which is invested primarily in U.S. Treasury Securities. Through December 31,”…
The clause …“accounting firm’s report contains an explanatory paragraph that expresses substantial doubt about our ability to continue as a going concern, since we will cease all operations except for the purpose of liquidating if we are unable”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Global Blockchain Acquisition Corp. called its 2024 Annual Meeting for May 7, 2024 at 11:00 a.m. Eastern Time, fully virtual, where Proposal 3 extends the combination deadline from May 12, 2024 monthly for up to six additional months at the Company's election, with the Sponsor or its designees holding sole discretion whether to continue. Why it matters: GBBK ultimately liquidated, so the Cardea merger signed in August 2023 never closed and holders' recovery came from the trust rather than the deal. That makes the May 3, 2024 tender deadline the operative fact: redeeming was the way to realize value, and the sponsor's sole discretion over each further month meant public holders could not control the timeline. Extension votes like this one were the recurring exit windows.
What changed vs 2023-07-21deadline 2023-08-12 → 2024-05-12combination deadline, trust account1 moved · 1 with no prior record of ours
- Combination deadline
- 2023-08-122024-05-12
- Trust account
- not previously extracted$4.3M
SpacBrain reads this as 274 days later than the previous record.
The clause …“100% of the Offering Shares if the Corporation has not consummated an initial business combination by May 12, 2024 (which may be extended by the Corporation monthly for up to six additional months (ultimately until as late as November”…
The clause …“our Sponsor and our officers and directors will not receive any monies held in the Trust Account as a result of their ownership of 4,312,500 Founder Shares that were issued prior to our IPO. As a consequence, a liquidating”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
In plain English
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.