Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant.
On December 10, 2021, Globis Acquisition Corp. (the "Company") drew down
$1,150,000 under an unsecured promissory note (the "Note") that was previously
issued to Globis SPAC LLC, the Company's initial public offering sponsor (the
"Sponsor"). The proceeds from the draw down have been deposited into the
Company's trust account in order to extend the period of time the Company has to
complete its initial business combination (the "completion window"). As a
result, the completion window was extended by 3 months from the current deadline
of December 15, 2021 until March 15, 2022. The Company's stockholders are not
entitled to vote on or redeem their shares in connection with such extension of
the completion window. The Note does not bear interest and matures upon closing
of a business combination by the Company.
Item 8.01 Other Events.
On December 10, 2021, the Company issued a press release, a copy of which is
attached as Exhibit 99.1 to this Current Report on Form 8-K, announcing that the
completion window was extended until March 15, 2022 because the Sponsor has
timely deposited $1,150,000 in the Company's trust account.
Item 9.01. Financial Statements and Exhibits.
Exhibit No. Description
99.1 Press Release dated December 10, 2021
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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