PACKER PAUL 4
4 · Globis Acquisition Corp. · Filed Jun 14, 2022
Insider Transaction Report
Form 4
PACKER PAUL
DirectorCEO; CFO; Secretary10% Owner
Transactions
- Other
Common Stock
2022-06-09−2,830,000→ 0 total(indirect: See Footnote) - Other
Common Stock Purchase Warrant
2022-06-09−3,628,889→ 0 total(indirect: See Footnote)Exercise: $11.50Exp: 2025-12-10→ Common Stock (3,628,889 underlying)
Footnotes (4)
- [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]Represents securities held by Globis SPAC LLC, of which Mr. Packer is the sole manager.
- [F3]The warrants became exercisable upon the completion of the Business Combination.
- [F4]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.