Item 1.02. Termination of a Material Definitive Agreement.

As previously disclosed, on August 3, 2022, Globalink Investment Inc., a company incorporated under the laws of Delaware ("Globalink" or the "Company"), entered into an agreement and plan of merger (the "Merger Agreement") with (i) Globalink Merger Sub, Inc., a Nevada corporation, (ii) Tomorrow Crypto Group Inc., a Nevada corporation ("Tomorrow"), (iii) GL Sponsor LLC, a Delaware limited liability company, as representative of Globalink, and (iv) Mingliu Wang, an individual, as representative of Tomorrow (each, a "Party" and collectively, the "Parties").

In accordance with the termination provisions under Section 10.1 of the Merger Agreement, the Merger Agreement was terminated March 8, 2023 (the "Termination Date"). In conjunction with the termination of the Merger Agreement, the Additional Agreements (as defined in the Merger Agreement) (including the Support Agreements) have also been terminated in accordance with their respective terms as of March 8, 2023, the Termination Date.

Globalink intends to seek a business combination with another operating company. As disclosed in the current report on Form 8-K filed by Globalink with the U.S. Securities and Exchange Commission on March 10, 2023 (File Number: 001-41122), if Globalink has not consummated an initial business combination by June 9, 2023, or up to December 9, 2023 if the time-period is extended, Globalink will be required to dissolve and liquidate. If Globalink anticipates that it may not be able to consummate its initial business combination on or before June 9, 2023, Globalink may, but is not obligated to, extend the period of time to consummate a business combination, for up to another four times by a three-month extension followed by three one-month extension through December 9, 2023 (for a total of up to 24 months after the date Globalink consummated its initial public offering to complete a business combination) pursuant to the terms of Globalink's second amended and restated certificate of incorporation and the trust agreement, as amended, originally entered into between Globalink and Continental Stock Transfer & Trust Company, the trustee, on December 6, 2021.




Item 8.01 Other Events


Globalink issued the press release filed herewith on March 14, 2023. The press release attached as Exhibit 99.1 are incorporated by reference herein.





Forward-Looking Statements


This current report on Form 8-K includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Certain of these forward-looking statements can be identified by the use of words such as "believes," "expects," "anticipates," "intends," "plans," "estimates," "assumes," "may," "should," "will," "would," "will be" "seeks," or other similar expressions. These statements are based on current expectations on the date of this current report on Form 8-K and involve a number of risks and uncertainties that may cause actual results to differ significantly. Globalink does not assume any obligation to update or revise any such forward-looking statements, whether as the result of new developments or otherwise. Readers are cautioned not to put undue reliance on forward-looking statements.





Item 9.01. Exhibits.



Exhibit
Number    Description of Exhibit
99.1        Press Release dated March 14, 2023
104       Cover Page Interactive Data File (the cover page XBRL tags are embedded
          within the inline XBRL document)

© Edgar Online, source Glimpses