Globis Acquisition Corp. (GLAQ) Adds Up to $29.5M to Forafric Deal

Jan 4, 2022 INTEL by Nicholas Alan Clayton

Globis (NASDAQ:GLAQ) announced this morning in an 8-K that it has agreed to funding mechanisms that would bring up to $29.5 million in new capital to its combination with African agribusiness Forafric. This new money comes in the form of a $9.5 million convertible note, which will automatically convert to shares in the post-combination at
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Globis Acquisition Corp. (GLAQ) Adds Up to $29.5M to Forafric Deal

Globis Acquisition Corp. (GLAQ) Adds Up to $29.5M to Forafric Deal

ByNicholas Alan Clayton