Global Blockchain Acquisition Corp. Announces Upcoming Automatic Unit Separation
13 Juin 2022 - 3:29PM
Global Blockchain Acquisition Corp. (NASDAQ: GBBKU) (the “Company”)
announced today that, on June 16, 2022, the Company’s units will no
longer trade, and that the Company’s common stock, rights and
redeemable warrants, which together comprise the units will
commence trading separately. The common stock, rights and warrants
will be listed on the Nasdaq Global Market and trade with the
ticker symbols “GBBK,” “GBBKR,” and “GBBKW”, respectively. This is
a mandatory and automatic separation, and no action is required by
the holders of units.
Each unit consists of one share of common stock, one right and
one redeemable warrant. Each right entitles the holder thereof to
receive one-tenth (1/10) of one share of common stock upon the
consummation of an initial business combination. Each warrant
entitles the holder to purchase one share of common stock at a
price of $11.50 per share.
Purchases of units that are made after market close on June 14,
2022, may not settle prior to the unit separation date and,
accordingly, the number of rights and warrants issued to such
purchasers may not reflect the rights and warrants underlying such
recently purchased units.
About Global Blockchain Acquisition Corp.
Global Blockchain Acquisition Corp. is a blank check company
organized for the purpose of effecting a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or
other similar business combination with one or more businesses or
entities. While the Company may pursue an initial business
combination target in any business, industry or geographical
location, it intends to focus its search on businesses that are
focused on blockchain related technology, economy, industries, and
solutions.
Forward-Looking Statements
This press release includes forward-looking statements that
involve risks and uncertainties. Forward-looking statements are
statements that are not historical facts. Such forward-looking
statements are subject to risks and uncertainties, which could
cause actual results to differ from the forward-looking statements,
including those set forth in the risk factors section of the
prospectus used in connection with the Company’s initial public
offering. The Company expressly disclaims any obligations or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in the Company’s expectations with respect thereto or any change in
events, conditions or circumstances on which any statement is
based, except as required by law.
Contact: Jonathan
Morrisjonathan@globalblockchainpartners.com(407) 720-9250
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