Global Blockchain Acquisition Corp. announced that it has received $8.5375 million in funding from Global Blockchain Sponsor, LLC, I-Bankers Securities, Inc., Investment Arm, Dawson James Securities, Inc., Investment Arm

On May 12, 2022, Global Blockchain Acquisition Corp. closed the transaction. The company has amended the term of the transaction.

The company has issued 8,537,500 warrants for total gross proceeds of $8,537,500. The transaction included 787,500 warrants issued pursuant to over-allotment option granted by the company. The transaction included participation from Global Blockchain Sponsor, LLC for 6,812,500 warrants, I-Bankers Securities, Inc., Investment Arm for 1,466,250 warrants and Dawson James Securities, Inc., Investment Arm for 258,750 warrants.