Latest news with #CharterAmendment
Yahoo
4 days ago
- Business
- Yahoo
Globalink Investment Inc. Announces Charter and Trust Agreement Amendments
New York, NY, June 10, 2025 (GLOBE NEWSWIRE) -- Globalink Investment Inc. (OTC Pink: GLLI, GLLIW, GLLIR, GLLIU) ('' or the ''), a special purpose acquisition company, announced today that its stockholders approved amendments to its charter and trust agreement to extend the deadline to complete its initial business combination and change the structure and cost of such extensions. Under the amended charter, Globalink may extend the deadline to complete its initial business combination by up to six (6) monthly extensions, from June 9, 2025 to December 9, 2025 by depositing $0.15 per public share into its trust account (the '') with Continental Stock Transfer and Trust Company (''). Globalink's stockholders, at a special meeting of its stockholders held on June 4, 2025, approved an amendment to Globalink's Amended and Restated Certificate of Incorporation, as amended (the ''), and Globalink's Investment Management Trust Agreement, as amended, originally entered into on December 6, 2021 with Continental (the '') to extend the deadline to complete Globalink's initial business combination from June 9, 2025 to up to December 9, 2025 for up to six times of monthly extensions, by depositing into the Trust Account $0.15 per public share prior to each one-month extension. The Charter Amendment triggered a right of Globalink's public stockholders to demand the redemption of their public shares out of funds held in the Trust Account. Holders of 204,910 public shares properly requested redemption leaving 72,601 public shares outstanding. As a consequence of the adoption of the Charter Amendment and the Trust Agreement Amendment and the redemptions, Globalink can now obtain up to six monthly extensions, or up until December 9, 2025, to complete its initial business combination at a cost of $0.15 per public share per extension. About Globalink Investment Inc. Globalink is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Although there is no restriction or limitation on what industry or geographic region, Globalink intends to pursue targets in North America, Europe, South East Asia, and Asia (excluding China, Hong Kong and Macau) in the technology industry, specifically within the medical technology and green energy sectors. Cautionary Statement Regarding Forward-Looking Statements Certain statements in this press release are 'forward-looking statements' within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. In some cases, forward-looking statements can be identified by terminology such as 'may,' 'will,' 'could,' 'would,' 'should,' 'expect,' 'plan,' 'anticipate,' 'intend,' 'believe,' 'estimate,' 'predict,' 'potential,' 'outlook,' 'guidance' or the negative of those terms or other comparable terminology. These statements are based on the current beliefs and expectations of the Company's management and are subject to significant risks and uncertainties. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause future events to differ materially from those in the forward-looking statements, many of which are outside of the Company's control. These factors include, but are not limited to, a variety of risk factors affecting the Company's business and prospects, see the section titled 'Risk Factors' in the Company's Prospectus filed with the SEC on December 6, 2021 and subsequent reports filed with the SEC, as amended from time to time. Any forward-looking statements are made only as of the date hereof, and unless otherwise required by applicable securities laws, the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Globalink Contact: Say Leong LimGlobalink Investment +6012 405 0015Email: limsayleong@
Yahoo
30-04-2025
- Politics
- Yahoo
Vote to repeal Morgantown's camping ban fails
MORGANTOWN, (WBOY) — The City of Morgantown held its 2025 Municipal Election Tuesday night, which included a vote to uphold the city's controversial 'Camping on Public Property' ordinance. You can find the unofficial election night results below. The results will become final after canvassing is completed on May 5. Some NIOSH functions 'slated to resume,' Sen. Capito says Jodi Hollingshead wins unopposed with 1,323 votes Jenny Selin wins unopposed with 1,226 votes Mark Allen Downs – 1,046 votes Stephanie Hunt – 751 votes A vote on an amendment that would grant the Morgantown City Council the ability to authorize the City Manager to live outside city limits while in office. No, the Charter Amendment should not be approved – 1,410 votes Yes, the Charter Amendment should be approved – 426 votes A vote to repeal Ordinance No. 2024-29, which makes it unlawful to camp on any city-owned property. No, the ordinance should not be repealed – 982 votes Yes, the ordinance should be repealed – 904 votes Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
01-03-2025
- Politics
- Yahoo
Monday is deadline to register for voting in April municipal elections in Polk County
Monday is the final day to register to vote in the April municipal elections in Polk County. Voter registration forms are available throughout the county at city halls, libraries and chambers of commerce, the Polk County Supervisor of Elections office said in a news release. Forms also may be completed online at For more information, call the Elections Office at 863-534-5888. Elections will be held for positions in Davenport, Dundee, Haines City, Lake Alfred, Lake Hamilton, Lake Wales and Mulberry. Frostproof had qualified candidates for an election but a candidate dropped out after qualifying. Walk-in, early voting starts March 17 and runs through March 31 at the Elections Office Headquarters in Bartow and the Elections Office of Operations at 70 Florida Citrus Blvd., Winter Haven, from 8:30 a.m. to 4:30 p.m. The following candidates and Charter Amendment questions are expected to appear on municipal ballots: 7 cities in Polk will hold elections Here's who's running for each seat Seat 3: Tom Fellows is running against Timothy "Scott" Woodlee. The Davenport ballot will also contain four City Charter Amendment questions. One would change the term limits of the office of mayor and commissioner. The second amendment would require a super majority vote of the commission before the removal of either the city manager or city clerk. The third would increase from five to 10 the number of citizens needed to commence a Petitioner's Committee. The fourth would repeal a prohibition on converting septic tanks to central sewer service to confirm the City Charter to state environmental requirements. In Seat 2, incumbent Alathea Pugh faces Annette Wilson. Seat 4 pits incumbent Mary Richardson against challenger Julia Hunt. Prior to the election, the Northeast Polk Chamber of Commerce is set to host the town's first debate on March 6 at 6 p.m. at the Dundee Community Center. No water, no new homes: Dundee considers a building moratorium until more water is found Only Commission Seat 5 is on the ballot. Incumbent Commissioner Anne Huffman faces three challengers: Alisa Romero, Edwin Perez and Morris L. West. The following individuals qualified as candidates for the Lake Alfred City Commission: Brenda Arnold, Nancy Z. Daley, Mac Fuller, Wanda Maultsby-Daley, Ronnie Robinson Jr. and Michael Teague. Voters will mark their ballots for up to three candidates on the ballot. The three candidates receiving the most votes will be elected to office – two for a four-year term and one for a two-year term. The election will take place at Lake Alfred City Hall, 120 E. Pomelo St., from 7 a.m. to 7 p.m. For more information, visit the Lake Alfred City website at Mayor Marlene M. Wagner will face challenger Phyllis Hall, and incumbent Robert Mathis will defend Seat 2 in a race against Larry Dale Tomlinson. Carmen Demanche was the only candidate to qualify for Seat 4. Residents erupt at commission 'One nightmare after another with these developers' Incumbet Mayor Jack Hilligoss faces a challenge from Curtis Gibson. Lake Wales voters will also be asked to decide on a City Charter amendment: whether candidates for mayor or the commission should receive a majority of the votes to be elected. If no candidate gains a majority of more than 50% of the votes cast, then a runoff election will be held. In Mulberry, incumbent Commissioner Robert Knight will defend Seat 2 against challenger Kathryn Smith Barsotti. In Seat 4, incumbent Maria McClintock did not qualify, so challenger Dawn McDonald will take the seat unopposed. Mayor George H. Hatch retained his seat without a challenger. Information previously reported in The Ledger was used in this report. This article originally appeared on The Ledger: Monday is deadline to register for April elections in Polk County
