Michael Ferguson - 09 Jun 2022 Form 4 Insider Report for Globis Acquisition Corp. (GLAQU)

Role
Director
Signature
/s/ Michael Ferguson
Issuer symbol
GLAQU
Transactions as of
09 Jun 2022
Transactions value $
$0
Form type
4
Filing time
14 Jun 2022, 06:30:13 UTC
Previous filing
30 Dec 2021
Next filing
04 Dec 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLAQU Common Stock Other -15,000 -100% 0 09 Jun 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GLAQU Common Stock Purchase Warrant Other -20,000 -100% 0 09 Jun 2022 Common Stock 20,000 $11.5 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Michael Ferguson is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On June 9, 2022, the issuer consummated its initial business combination (the "Business Combination") with Forafric Global PLC. ("New Forafric"), a Gibraltar public company limited by shares. As described in Globis Acquisition Corp.'s Current Report on Form 8-K (File No. 333-262126) filed on June 9, 2022 (the "Form 8-K"), in connection with the closing of the Business Combination, each share of Common Stock was exchanged for one ordinary share, nominal value $0.001 per share, of New Forafric (each, an "Ordinary Share").
F2 The warrants became exercisable upon the completion of the Business Combination.
F3 As described in the Form 8-K, in connection with the closing of the Business Combination, the private placement warrants were exchanged for warrants to acquire Ordinary Shares at an exercise price of $11.50 per share.