Globalink Investment, a blank check company targeting the e-commerce and payments sectors, raised $100 million by offering 10 million units at $10. Each unit contains one share of common stock, one right to receive one-tenth of a share of common stock upon the consummation of an initial business combination, and one warrant to purchase one-half of a share, exercisable at $11.50.
Globalink Investment is led by Chairman and CEO Say Leong Lim, co-founder and Executive Director of Everise Concepts and former CEO of Malaysian technology company G3 Global, then called Yen Global. He is joined by CFO Cliff Chong, the CIO of KCNN Global Capital.
The company plans to leverage management's experience and target companies in the technology industry, specifically within the e-commerce and payments sectors in North America, Europe, South East Asia, and Asia (excl. China, Hong Kong, and Macau). It plans to focus on middle market and emerging growth businesses operating with a total enterprise values between $120 million and $2 billion.
Globalink Investment plans to list on the Nasdaq under the symbol GLLIU. Chardan Capital Markets acted as sole bookrunner on the deal.
