GLAQ SEC filings, in plain English
Everything Globis 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.
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- What changed vs 2021-11-10trust $116.2M → $118.5M +2%
trust account, combination deadline, redeemable shares1 moved · 2 with no prior record of ours
- Trust account
- $116.2M$118.5M
- Combination deadline
- 2022-06-15 · unchanged
- Redeemable shares
- 11.5M · unchanged
SpacBrain reads this as $2,311,865 was added to the trust between the two filings.
The clause …“82,458 89,333 Total Current Assets 82,668 118,841 Marketable securities held in Trust Account 118,467,492 117,307,838 TOTAL ASSETS $ 118,550,160 $ 117,426,679 LIABILITIES AND STOCKHOLDERS’ DEFICIT Current liabilities - Accounts”…
The clause …“the Company has to complete its Business Combination from March 15, 2022 to June 15, 2022. The proceeds from the draw down were deposited into the Company’s Trust Account. As of March 31, 2022, the total amount outstanding under the”…
The clause “0,000,000 shares authorized; 3,550,833 shares issued and outstanding (excluding 11,500,000 shares subject to possible redemption) at March 31, 2022 and December 31, 2021 355 355 Additional paid-in capital — — Accumulated deficit (”…
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: Globis Acquisition Corp. filed a proxy/prospectus for 49,845,317 shares and 15,789,722 warrants of Globis NV Merger Corp following its redomiciliation and re-registration as a Gibraltar public company, under a securities purchase agreement dated December 19, 2021 and amended April 20, 2022 with Forafric Agro Holdings Limited. Globis holders receive one New Forafric ordinary share of $0.001 nominal value for each share held, and unseparated units are cancelled for one ordinary share plus one warrant exercisable at $11.50. Why it matters: The company's own tables assume the maximum 11,500,000 public shares redeem at $10.30, so management is planning for a near-total exit by the public float and the resulting ownership percentages reflect that. Holders who redeem take $10.30 in cash, above the $10.00 deposit price. Those who stay become shareholders of a Gibraltar-registered North African milling business, changing the governing law, the disclosure regime and the practical remedies available to them, alongside a 15.8 million warrant overhang.
What changed: Globis Acquisition Corp. ('Globis', a Delaware corporation) filed Amendment No. 3 to its Form S-4; the preliminary proxy statement and prospectus inside is subject to completion dated May 6, 2022. No explanatory note names the change. It registers 49,845,317 ORDINARY SHARES and 15,789,722 WARRANTS of Globis NV Merger Corp. after its REDOMICILIATION AND RE-REGISTRATION AS A PUBLIC COMPANY LIMITED BY SHARES INCORPORATED IN GIBRALTAR, to be renamed FORAFRIC GLOBAL PLC. Why it matters: The surviving public company will be a GIBRALTAR company, not a U.S. one, so post-closing shareholder rights are governed by Gibraltar law rather than Delaware or Nevada law — a materially different legal regime for minority protections, disclosure and enforcement. The path runs Delaware to Nevada to Gibraltar through a newly formed holding company, with a redomiciliation and then a re-registration from private to public form, so several sequenced corporate steps must each complete before closing.
What changed: Globis Acquisition Corp. ('Globis', a Delaware corporation) filed Amendment No. 2 to its Form S-4; the preliminary proxy statement and prospectus inside is subject to completion dated April 20, 2022. No explanatory note names the change. It registers 49,845,317 ordinary shares and 15,789,722 warrants of Globis NV Merger Corp. after its redomiciliation and re-registration as a public company limited by shares incorporated in GIBRALTAR, to be renamed Forafric Global PLC. Why it matters: The registered ceiling of 49,845,317 ordinary shares plus 15,789,722 warrants is identical to the amendment that follows, so it was fixed at this stage. This version describes the securities purchase agreement without the April 20, 2022 amendment that the next version carries, even though it is dated the same day — so the two versions differ on the state of the agreement. The surviving public company will be governed by Gibraltar law rather than U.S. law.
What changed: Globis Acquisition Corp. ('Globis', a Delaware corporation) filed Amendment No. 1 to its Form S-4; the preliminary proxy statement and prospectus inside is subject to completion dated February 15, 2022. No explanatory note names the change. It registers 49,845,317 ordinary shares and 15,789,722 warrants of Globis NV Merger Corp. Why it matters: The registered ceiling of 49,845,317 ordinary shares plus 15,789,722 warrants is fixed at this first amendment and does not move through the two that follow. The surviving public company will be a Gibraltar company, so post-closing shareholder rights are governed by Gibraltar law rather than U.S. law. The underlying instrument is a securities purchase agreement rather than a merger agreement, and at this stage it carries no amendment.
- What changed vs 2021-03-31trust $116.2M → $117.3M +1%shares 11.0M → 11.5M +4%
trust account, redeemable shares, combination deadline +12 moved · 2 with no prior record of ours
- Trust account
- $116.2M$117.3M
- Redeemable shares
- 11.0M11.5M
- Combination deadline
- 2022-06-15 · unchanged
- Mandate language
- we intend to focus our search on a target business that will… · unchanged
SpacBrain reads this as $1,157,838 was added to the trust between the two filings.
The clause …“operating activities. As of December 31, 2021, we had marketable securities held in the Trust Account of $117,307,838. We intend to use substantially all of the funds held in the Trust Account, including any amounts representing”…
SpacBrain reads this as 453,488 more shares carry a redemption right.
The clause “0,000,000 shares authorized; 3,550,833 shares issued and outstanding (excluding 11,500,000 shares subject to possible redemption) at December 31, 2021 and 2020 355 355 Additional paid-in capital — 509,304 Accumulated deficit ( 3,401,258 )”…
The clause …“Combination up to two times, each by an additional three months (up until June 15, 2022), subject to the deposit of additional funds into the Trust Account by one or both of the Sponsors or their affiliates or designees (the”…
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.