Globalink Investment (GLLI) Announces Receipt Of Nasdaq Continued Listing Standard Notice
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Globalink Investment Inc. (NASDAQ: “GLLI”, “GLLIU” units, “GLLIW” warrants, and “GLLIR” rights) (the “Company”), a publicly traded special purpose acquisition company, today announced that it received a deficiency letter (the “Notice”) on November 22, 2022 from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”) because it had not timely filed its Quarterly Report on Form 10-Q for the period ended September 30, 2022 (the “Form 10-Q”) with the Securities and Exchange Commission (the “SEC”).
The Company is working diligently and expects to file the Form 10-Q as soon as practicable and will submit a compliance plan to Nasdaq to evidence compliance with Nasdaq Listing Rule 5250(c)(1) and will request that Nasdaq exercises its discretion and grants the Company an extension, so that the Company may demonstrate compliance with the Listing Rule and with all other applicable criteria for continued listing on Nasdaq. The Company intends to file the Form 10-Q and regain compliance prior to January 23, 2023.
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