Global Blockchain Acquisition Corp. Announces Redemption of Public Shares and Subsequent Dissolution
Global Blockchain Acquisition Corp (Nasdaq: GBBK) has announced its imminent dissolution and redemption of public shares. The company will cease operations on April 14, 2025, following its inability to consummate an initial business combination by April 12, 2025.
Key actions include:
- Trading of public shares will cease on April 13, 2025
- Redemption of all outstanding public shares within 10 business days
- Redemption amount will equal trust account funds (including interest, less taxes) divided by outstanding public shares
- Company warrants and rights will expire worthless
Following these events, GBBK will proceed with delisting from Nasdaq and terminating its securities registration with the SEC. The company will handle redemption payments directly for registered shareholders, while beneficial owners holding shares in 'street name' need not take action.
Global Blockchain Acquisition Corp (Nasdaq: GBBK) ha annunciato la sua imminente dissoluzione e il rimborso delle azioni pubbliche. L'azienda cesserà le operazioni il 14 aprile 2025, dopo la sua incapacità di completare una combinazione aziendale iniziale entro il 12 aprile 2025.
Le azioni principali includono:
- La negoziazione delle azioni pubbliche cesserà il 13 aprile 2025
- Il rimborso di tutte le azioni pubbliche in circolazione avverrà entro 10 giorni lavorativi
- Il valore del rimborso sarà pari ai fondi del conto fiduciario (inclusi gli interessi, al netto delle tasse) divisi per le azioni pubbliche in circolazione
- I warrant e i diritti dell'azienda scadranno senza valore
Dopo questi eventi, GBBK procederà con la cancellazione dalla Nasdaq e la terminazione della registrazione dei suoi titoli presso la SEC. L'azienda gestirà i pagamenti di rimborso direttamente per gli azionisti registrati, mentre i proprietari beneficiari che detengono azioni in 'street name' non devono intraprendere alcuna azione.
Global Blockchain Acquisition Corp (Nasdaq: GBBK) ha anunciado su inminente disolución y el canje de acciones públicas. La empresa cesará operaciones el 14 de abril de 2025, tras su incapacidad para concretar una combinación de negocios inicial antes del 12 de abril de 2025.
Las acciones clave incluyen:
- La negociación de acciones públicas cesará el 13 de abril de 2025
- El canje de todas las acciones públicas en circulación se realizará dentro de 10 días hábiles
- El monto del canje será igual a los fondos de la cuenta fiduciaria (incluidos los intereses, menos impuestos) dividido por las acciones públicas en circulación
- Las garantías y derechos de la empresa caducarán sin valor
Tras estos eventos, GBBK procederá a ser deslistada de Nasdaq y a terminar su registro de valores con la SEC. La empresa gestionará los pagos de canje directamente para los accionistas registrados, mientras que los propietarios beneficiarios que poseen acciones a nombre de 'street name' no necesitan tomar ninguna acción.
글로벌 블록체인 인수 주식회사 (Nasdaq: GBBK)는 임박한 해산과 공공 주식의 상환을 발표했습니다. 회사는 2025년 4월 14일에 운영을 중단하며, 2025년 4월 12일까지 초기 사업 조합을 완료할 수 없었기 때문입니다.
주요 조치는 다음과 같습니다:
- 공공 주식의 거래는 2025년 4월 13일에 중단됩니다
- 모든 유통 중인 공공 주식의 상환은 10영업일 이내에 이루어집니다
- 상환 금액은 신탁 계좌의 자금(이자 포함, 세금 차감)에서 유통 중인 공공 주식으로 나눈 금액과 같습니다
- 회사의 보증서와 권리는 무효로 만료됩니다
이러한 사건 이후, GBBK는 Nasdaq에서 상장 폐지하고 SEC에 대한 증권 등록을 종료할 것입니다. 회사는 등록된 주주를 위해 직접 상환 지급을 처리하며, 'street name'으로 주식을 보유한 유익한 소유자는 아무런 조치를 취할 필요가 없습니다.
Global Blockchain Acquisition Corp (Nasdaq: GBBK) a annoncé sa dissolution imminente et le remboursement des actions publiques. L'entreprise cessera ses activités le 14 avril 2025, après son incapacité à réaliser une combinaison commerciale initiale d'ici le 12 avril 2025.
Les principales actions comprennent:
- La négociation des actions publiques cessera le 13 avril 2025
- Le remboursement de toutes les actions publiques en circulation sera effectué dans les 10 jours ouvrables
- Le montant du remboursement sera égal aux fonds du compte fiduciaire (y compris les intérêts, moins les impôts) divisé par les actions publiques en circulation
- Les bons de souscription et les droits de l'entreprise expireront sans valeur
À la suite de ces événements, GBBK procédera à son retrait de Nasdaq et à la résiliation de son enregistrement de titres auprès de la SEC. L'entreprise gérera directement les paiements de remboursement pour les actionnaires enregistrés, tandis que les propriétaires bénéficiaires détenant des actions au nom de 'street name' n'ont pas besoin de prendre de mesures.
Global Blockchain Acquisition Corp (Nasdaq: GBBK) hat seine bevorstehende Auflösung und Rückzahlung der öffentlichen Aktien angekündigt. Das Unternehmen wird am 14. April 2025 den Betrieb einstellen, nachdem es bis zum 12. April 2025 keine erste Unternehmenszusammenführung abschließen konnte.
Wichtige Maßnahmen umfassen:
- Der Handel mit öffentlichen Aktien wird am 13. April 2025 eingestellt
- Die Rückzahlung aller ausstehenden öffentlichen Aktien erfolgt innerhalb von 10 Geschäftstagen
- Der Rückzahlungsbetrag entspricht den Mitteln des Treuhandkontos (einschließlich Zinsen, abzüglich Steuern) geteilt durch die ausstehenden öffentlichen Aktien
- Die Unternehmenswarrants und -rechte verfallen wertlos
Nach diesen Ereignissen wird GBBK mit der Delistung von Nasdaq und der Beendigung seiner Wertpapierregistrierung bei der SEC fortfahren. Das Unternehmen wird die Rückzahlungszahlungen direkt für registrierte Aktionäre abwickeln, während begünstigte Eigentümer, die Aktien im 'Street Name' halten, keine Maßnahmen ergreifen müssen.
- None.
- None.
Orlando, Fla., April 09, 2025 (GLOBE NEWSWIRE) -- Global Blockchain Acquisition Corp. (the “Company”) (Nasdaq: GBBK) today announced that it will cease its operations as of April 14, 2025 (the first business day following the end of the business combination period, the “Record Date”), and as promptly as reasonably possible but not more than ten business days thereafter, will redeem all of its outstanding shares of common stock that were included in the units issued in its initial public offering (the “public shares”), effective as of the close of business on the Record Date, as the Company will not consummate an initial business combination on or prior to April 12, 2025.
Pursuant to the Amended and Restated Certificate of Incorporation, if the Company does not complete its initial business combination by April 12, 2025 (subject to the Board’s election to contribute funds to the trust account in order to extend monthly), then the Company will: (i) cease all operations except for the purpose of winding up, (ii) promptly redeem the public shares within ten business days thereafter, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Company’s trust account including interest earned on the funds held in the trust account (less taxes payable), divided by the number of then outstanding public shares, which redemption will completely extinguish public shareholders’ rights as shareholders (including the right to receive further liquidation distributions, if any), subject to applicable law, and (iii) thereafter, subject to the approval of the Company’s remaining shareholders and its board of directors, dissolve and liquidate, subject in each case to the Company’s obligations under Delaware law to provide for claims of creditors and the requirements of other applicable law.
The public shares will cease trading on April 13, 2025. As of the close of business on April 13, 2025, the public shares will be deemed cancelled and will represent only the right to receive the redemption amount.
The redemption amount will be payable to the holders of the public shares upon delivery of their shares. Beneficial owners of public shares held in “street name,” however, will not need to take any action in order to receive the redemption amount.
There will be no redemption rights or liquidating distributions with respect to the Company’s warrants or rights, which will expire worthless.
The Company expects that the Nasdaq Stock Exchange will file a Form 25 with the United States Securities and Exchange Commission (the “Commission”) to delist the Company’s securities. The Company thereafter expects to file a Form 15 with the Commission to terminate the registration of its securities under the Securities Exchange Act of 1934, as amended.
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this press release may be deemed to constitute forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to expectations or forecasts for future events, including, without limitation, the redemption of the Company’s public shares and the Company’s subsequent dissolution and liquidation and its delisting from the Nasdaq Stock Exchange and its termination of registration with the Commission. These statements may be preceded by, followed by or include the words “may,” “might,” “will,” “will likely result,” “should,” “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “continue,” “target” or similar expressions. Such statements are subject to certain risks and uncertainties that could cause our actual results in the future to differ materially from the Company’s historical results and those presently anticipated or projected. The Company wishes to caution investors not to place undue reliance on any such forward-looking statements. Any forward-looking statements speak only as of the date on which such statements are made, and the Company undertakes no obligation to update such statements to reflect events or circumstances arising after such date. The Company assumes no obligation to update forward-looking statements except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect to those or other forward-looking statements.
Global Blockchain Acquisition Corp.
Jonathan Morris
jonathan@globalblockchainpartners.com
(407) 720-9250
FAQ
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