Alps Global Holding Berhad entered into a definitive merger agreement to acquire Globalink Investment Inc. (NasdaqGM : GLLI) from shareholders in a reverse merger transaction on January 30, 2024. The transaction includes an earn-out provision permitting Alps shareholders to receive up to an aggregate maximum of 48 million additional shares as and when the business meets certain incremental milestones for the consolidated revenue of Globalink and Alps for five fiscal years following the consummation of the Merger. All Alps shareholders will roll 100% of their equity holdings into the new combined company. The transaction values Alps at an enterprise value of $1.6 billion. Upon consummation of the transactions contemplated by the Merger Agreement and not taking into account the issue of shares of Globalink?s common stock in the concurrent PIPE financing, the current Alps shareholders will become the majority stockholders of the combined company with an approximately 96.38% ownership (not taking into account the issuance of the earn-out shares), and all existing stockholders of Globalink are expected to own approximately 3.62% of the combined company, assuming no redemption by Globalink?s public stockholders. Net proceeds from the transaction, including cash held in Globalink?s trust account (depending on the amount of redemptions by Globalink?s public stockholders) and proceeds available from a PIPE financing to be consummated concurrently with the transactions contemplated by the Merger Agreement are anticipated to be used for working capital, growth capex, and other general corporate purposes. Following completion of the transactions contemplated by the Merger Agreement, the combined company will be named ?Alps Life Science Inc.? and is expected to be listed on Nasdaq.

The transactions contemplated by the Merger Agreement will require the approval of the stockholders of Globalink and shareholders of Alps, and is subject to other customary closing conditions, including the receipt of certain regulatory approvals. The respective boards of directors of Alps and Globalink have approved the transactions contemplated by the Merger Agreement. The transactions contemplated by the Merger Agreement are expected to close in the second quarter of 2024.

Hunter Taubman Fischer & Li LLC is serving as legal advisor to Globalink. Darryl, Edward & Co.is serving as legal advisor to Alps Global Holding Berhad.