TOMORROW CRYPTO GROUP INC. TO BECOME PUBLICLY TRADED – Lopoid Crypto News

TOMORROW CRYPTO GROUP INC. TO BECOME PUBLICLY TRADED – Lopoid Crypto News #TOMORROW #CRYPTO #GROUP #PUBLICLY #TRADED #Lopoid Crypto News Welcome to Lopoid

Tomorrow Crypto Group Inc. (“Tomorrow Crypto”) is a Bitcoin/Ethereum (“ETH”) mining firm within the United States devoted to changing into a vertically-integrated supplier of cryptocurrency mining infrastructure and companies within the world blockchain ecosystem.
Transaction values Tomorrow Crypto at an enterprise worth of roughly $310 million and gives as much as $131,725,000 in gross proceeds, together with as much as $116,725,000 of money held within the belief account of Globalink Investment Inc. (relying on the quantity of redemptions by Globalink’s public stockholders) and $15,000,000 from a concurrent PIPE funding.
The transaction is anticipated to shut in This fall of 2022. The mixed firm shall be named Tomorrow Crypto Group Holding Inc. and is anticipated to be listed on Nasdaq.

NEW YORK, Aug. 03, 2022 (GLOBE NEWSWIRE) — Tomorrow Crypto Group Inc., a Nevada company (“Tomorrow Crypto”) and Globalink Investment Inc. (NASDAQ: “GLLI”, “GLLIU” models, “GLLIW” warrants, and “GLLIR” rights) (“Globalink”), a publicly traded particular function acquisition firm, at present introduced that they’ve entered right into a definitive merger settlement.

Tomorrow Crypto is a Bitcoin/Ethereum (“ETH”) mining firm within the United States devoted to changing into a vertically built-in supplier of cryptocurrency mining infrastructure and companies within the world blockchain ecosystem. By leveraging its high-powered computer systems and mining rigs to unravel sophisticated mathematical formulation, Tomorrow Crypto expects to generate Bitcoins/ETHs, and validate and confirm the digital transactions onto the worldwide blockchain ledger system. Tomorrow Crypto plans to determine and supply important mining infrastructure at mining services for potential institutional-grade purchasers to mine Bitcoins/ETHs. Led by trade veteran and Chief Executive Officer, Mingliu Wang, Tomorrow Crypto believes it’s properly positioned to function and develop in a continuously evolving atmosphere primarily based on the proliferation of Bitcoin and cryptocurrencies usually. Following completion of the transaction, the mixed firm shall be named “Tomorrow Crypto Group Holding Inc.” and is anticipated to be listed on Nasdaq.

Mingliu Wang, Chief Executive Officer of Tomorrow Crypto, commented, “We are thrilled to be entering this transaction with Globalink to become a public company on Nasdaq. With access to new sources of capital and liquidity, Tomorrow Crypto will be able to seize more growth opportunities in the constantly evolving blockchain market. In addition, we believe that through our combined teams and expertise, Tomorrow Crypto can better position itself to become one of the world’s leading professional crypto mining players and a significant supporter of the global blockchain ecosystem.”

Lim Say Leong, Chief Executive Officer of Globalink, commented, “We are excited with the opportunities that Tomorrow Crypto could offer and we strongly believe in the tremendous opportunity in the blockchain market.”

Transaction Details

The transaction values Tomorrow Crypto at an enterprise worth of $310 million and is anticipated to ship as much as $131,725,000 of gross proceeds, together with as much as $116,725,000 of money held in Globalink’s belief account (relying on the quantity of redemptions by Globalink’s public stockholders) and $15,000,000 from a concurrent PIPE funding of Series A Convertible Preferred Stock and warrants of Globalink. Net proceeds from the transaction are anticipated for use for working capital, progress capex, and different basic company functions.

The transaction consists of an earn-out provision allowing Tomorrow Crypto stockholders to obtain as much as an mixture most of 10 million extra shares as and when the enterprise meets sure incremental milestones for the variety of ASIC mining machines efficiently put in, commissioned and positioned in operation. All Tomorrow Crypto stockholders will roll 100% of their fairness holdings into the brand new mixed firm.

Upon consummation of the transaction, the present stockholders of Tomorrow Crypto will turn out to be the bulk stockholders of the mixed firm with an roughly 63.25% possession (bearing in mind the complete issuance of the earn-out shares); the PIPE traders will personal roughly 3.40% and all present stockholders of Globalink are anticipated to personal roughly 33.35% of the mixed firm, assuming no redemption by Globalink’s public stockholders.

The respective boards of administrators of Tomorrow Crypto and Globalink have permitted the transaction. The transaction would require the approval of the stockholders of Globalink and Tomorrow Crypto, and is topic to different customary closing situations, together with the receipt of sure regulatory approvals. The transaction is anticipated to shut within the fourth quarter of 2022.

Additional details about the proposed transaction, together with a replica of the definitive agreements, shall be supplied in a Current Report on Form 8-Ok to be filed by Globalink with the Securities and Exchange Commission (the “SEC”) and out there at www.sec.gov.

Advisors

Hunter Taubman Fischer & Li LLC is serving as authorized advisor to Globalink.

Axiom Capital Management Inc. is serving as unique monetary advisor to Tomorrow Crypto. Ellenoff Grossman & Schole LLP is serving as authorized advisor to Tomorrow Crypto.

About Tomorrow Crypto

Tomorrow Crypto is a Bitcoin/Ethereum (“ETH”) mining firm within the United States devoted to changing into a vertically built-in supplier of cryptocurrency mining infrastructure and companies within the world blockchain ecosystem. By leveraging its high-powered computer systems and mining rigs to unravel sophisticated mathematical formulation, Tomorrow Crypto expects to generate Bitcoins/ETHs, and validate and confirm the digital transactions onto the worldwide blockchain ledger system. Tomorrow Crypto plans to determine and supply important mining infrastructure at mining services for potential institutional grade purchasers to mine Bitcoins/ETHs.

About Globalink Investment Inc.

Globalink is led by Mr. Lim Say Leong (CEO). Globalink is a clean verify firm shaped for the aim of effecting a merger, share change, asset acquisition, share buy, reorganization or related enterprise mixture with a number of companies.

Important Information and Where to Find It

This press launch pertains to a proposed transaction between Globalink and Tomorrow Crypto. This press launch doesn’t represent a proposal to promote or change, or the solicitation of a proposal to purchase or change, any securities, nor shall there be any sale of securities in any jurisdiction through which such provide, sale or change could be illegal previous to registration or qualification below the securities legal guidelines of any such jurisdiction. In reference to the transaction described herein, Globalink intends to file related supplies with the SEC, together with a registration assertion on Form S-4 (the “Form S-4”), which is able to embrace a proxy assertion/prospectus. Security holders, traders and different individuals are inspired to rigorously evaluation such data, together with the chance elements and different disclosures therein. The proxy assertion/prospectus shall be despatched to all Globalink stockholders in reference to the stockholder assembly to approve the proposed transaction. Globalink additionally will file different paperwork relating to the proposed transaction with the SEC. Before making any voting or funding determination, traders and safety holders of Globalink are urged to learn the Form S-4, the proxy assertion/prospectus and all different related paperwork filed or that shall be filed with the SEC in reference to the proposed transaction as they turn out to be out there as a result of they are going to comprise essential details about the proposed transaction.

Investors and safety holders will be capable to receive free copies of the Form S-4, the proxy assertion/prospectus and all different related paperwork filed or that shall be filed with the SEC by Globalink by way of the web site maintained by the SEC at www.sec.gov.

Participants within the Solicitation

Globalink, GL Sponsor LLC, the sponsor of Globalink, Tomorrow Crypto and their respective administrators and govt officers could also be deemed to be contributors within the solicitation of proxies from Globalink’s stockholders in reference to the proposed transaction. Information about Globalink’s administrators and govt officers and their possession of Globalink’s securities is ready forth in Globalink’s filings with the SEC, together with the Form S-4 to be filed sooner or later. Additional data relating to the pursuits of these individuals and different individuals who could also be deemed contributors within the proposed transaction could also be obtained by studying the proxy assertion/prospectus relating to the proposed transaction when it turns into out there. You could receive free copies of those paperwork at www.sec.gov.

No Offer or Solicitation

This press launch will not be a proxy assertion or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed transaction and shall not represent a proposal to promote or a solicitation of a proposal to purchase the securities of Globalink or Tomorrow Crypto, nor shall there be any sale of any such securities in any state or jurisdiction through which such provide, solicitation, or sale could be illegal previous to registration or qualification below the securities legal guidelines of such state or jurisdiction. No provide of securities shall be made besides by the use of a prospectus assembly the necessities of the Securities Act of 1933, as amended.

Forward-Looking Statements

Certain statements included on this press launch usually are not historic information however are forward-looking statements. Forward-looking statements usually are accompanied by phrases akin to “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “future,” “outlook,” and related expressions that predict or point out future occasions or traits or that aren’t statements of historic issues, however the absence of those phrases doesn’t imply {that a} assertion will not be forward-looking. These forward-looking statements embrace, however usually are not restricted to, statements relating to the advantages of the proposed transaction, the anticipated timing of the proposed transaction, the companies operated by Tomorrow Crypto and the markets through which Tomorrow Crypto operates, enterprise methods, trade atmosphere, potential progress alternatives, the consequences of rules and projected future outcomes of Globalink and Tomorrow Crypto. These statements are primarily based on numerous assumptions, whether or not or not recognized on this press launch and on the present expectations of Globalink’ and Tomorrow Crypto’s respective administration and usually are not predictions of precise efficiency. These forward-looking statements are supplied for illustrative functions solely and usually are not meant to function, and should not be relied on by any investor as, a assure, an assurance, a prediction or a definitive assertion of truth or likelihood. Actual occasions and circumstances are troublesome or not possible to foretell and can differ from assumptions. Many precise occasions and circumstances are past the management of Globalink and Tomorrow Crypto. Some essential elements that might trigger precise outcomes to vary materially from these in any forward-looking statements may embrace adjustments in home and international enterprise, market, monetary, political and authorized situations.

These forward-looking statements are topic to a variety of dangers and uncertainties, together with however not restricted to, (i) the chance that the proposed transaction will not be accomplished in a well timed method or in any respect, which can adversely have an effect on the value of Globalink’s securities; (ii) the chance that the proposed transaction will not be accomplished by Globalink’s enterprise mixture deadline and the potential failure to acquire an extension of the enterprise mixture deadline if sought by Globalink; (iii) the failure to fulfill the situations to the consummation of the proposed transaction, together with the approval of the proposed transaction by the stockholders of Globalink and Tomorrow Crypto, the satisfaction of the minimal money necessities following redemptions by Globalink’s public stockholders and the receipt of sure governmental and regulatory approvals; (iv) the shortcoming to consummate the PIPE funding; (v) the impact of the announcement or pendency of the proposed transaction on Tomorrow Crypto’s enterprise relationships, efficiency, and enterprise usually; (vi) dangers that the proposed transaction disrupts present plans of Tomorrow Crypto and potential difficulties in Tomorrow Crypto worker retention on account of the proposed transaction; (vii) the result of any authorized proceedings that could be instituted in opposition to Globalink or Tomorrow Crypto associated to the settlement and plan of merger or the proposed transaction; (viii) the flexibility to take care of the itemizing of Globalink’s securities on the Nasdaq; (ix) the value of Globalink’s securities, together with volatility ensuing from adjustments within the aggressive and extremely regulated industries through which Tomorrow Crypto plans to function, variations in efficiency throughout rivals, adjustments in legal guidelines and rules affecting Tomorrow Crypto’s enterprise and adjustments within the mixed capital construction; and (x) the flexibility to implement enterprise plans, forecasts, and different expectations after the completion of the proposed transaction, and determine and notice extra alternatives. The foregoing checklist of things will not be exhaustive. You ought to rigorously take into account the foregoing elements and the opposite dangers and uncertainties described in Globalink’s last proxy assertion/data assertion/prospectus contained within the Form S-4, together with these below “Risk Factors” therein, the Annual Report on Form 10-Ok, Quarterly Reports on Form 10-Q and different paperwork filed by Globalink every so often with the SEC. If any of those dangers materialize or our assumptions show incorrect, precise outcomes may differ materially from the outcomes implied by these forward-looking statements. There could also be extra dangers that neither Globalink nor Tomorrow Crypto presently know, or that Globalink or Tomorrow Crypto at the moment imagine are immaterial that might additionally trigger precise outcomes to vary from these contained within the forward-looking statements. In addition, forward-looking statements mirror Globalink’s and Tomorrow Crypto’s present expectations, plans and forecasts of future occasions and views as of the date hereof. Nothing on this press launch ought to be considered a illustration by any person who the forward-looking statements set forth herein shall be achieved or that any of the contemplated outcomes of such forward-looking statements shall be achieved. You shouldn’t place undue reliance on forward-looking statements on this press launch, which communicate solely as of the date they’re made and are certified of their entirety by reference to the cautionary statements herein and the chance elements of Globalink or Tomorrow Crypto described above. Globalink and Tomorrow Crypto anticipate that subsequent occasions and developments will trigger their assessments to alter. However, whereas Globalink and Tomorrow Crypto could elect to replace these forward-looking statements sooner or later sooner or later, they every particularly disclaim any obligation to take action, besides as required by regulation. These forward-looking statements shouldn’t be relied upon as representing Globalink’s or Tomorrow Crypto’s assessments as of any date subsequent to the date of this press launch.

Contacts

Tomorrow Crypto Group Inc.
Mingliu Wang
[email protected]

Globalink Investment Inc.
Lim Say Leong
Email: [email protected]

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