Forafric amends Globis business combination deal, revising share and warrant terms
Globis Acquisition Corp. amended its business combination agreement with Forafric Agro Holdings Limited and Lighthouse Capital Limited. The deal restructures Globis into a Gibraltar public company named Forafric Global PLC, which would then acquire 100% of Forafric Agro Holdings. For shareholders, the amendment sets the terms Globis holders would receive, including one ordinary share per common share and warrants exercisable at $11.50.
Key points
- Globis stockholders would receive one ordinary share of New Forafric for each share of Globis common stock held before the merger.
- Public and private placement warrants would become warrants to acquire ordinary shares at an exercise price of $11.50 per share.
- $12 million of convertible bonds issued by Forafric Agro Holdings between December 31, 2021 and January 19, 2022 would be novated to New Forafric and automatically convert into ordinary shares upon completion.
The filing
Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 21, 2022.
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