Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant.
On March 7, 2022, Globis Acquisition Corp. (the "Company") drew down $1,150,000
under an unsecured promissory note (the "Note") that was previously issued to
Globis SPAC LLC, the Company's initial public offering sponsor (the "Sponsor").
The proceeds from the draw down have been deposited into the Company's trust
account in order to extend the period of time the Company has to complete its
initial business combination (the "completion window"). As a result, the
completion window was extended by 3 months from the current deadline of March
15, 2022 until June 15, 2022. The Company's stockholders are not entitled to
vote on or redeem their shares in connection with such extension of the
completion window. The Note does not bear interest and matures upon closing of a
business combination by the Company.
Item 8.01 Other Events.
On March 8, 2022, the Company issued a press release, a copy of which is
attached as Exhibit 99.1 to this Current Report on Form 8-K, announcing that the
completion window was extended until June 15, 2022 because the Sponsor has
timely deposited $1,150,000 in the Company's trust account.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit Number Description
99.1 Press Release dated March 8, 2022
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
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