Globis GLAQU = 1C + 1W
Trust $10.10 --$101,000,000 (or $116,150,000 if the over-allotment option is exercised in full)
12 months. + 6 months at 0.10 per 3 months.
1W +11.50. Call 16.50. $9.50 pipe protect.
Our sponsors are an affiliate of Globis Capital Advisors and an affiliate of Chardan Capital Markets.
Globis Capital Advisors is a New York-based investment advisory firm founded in 2001 by our Chairman, Mr. Paul Packer. Since inception, Globis Capital Advisors has invested in both private and public companies, in the U.S. and internationally, across wide range of industries. Chardan Capital Markets is a New York-based investment bank established in 2004. Chardan Capital Markets serves clients globally with particular focus on healthcare, fintech, and emerging growth companies with innovative technologies applied in a variety of markets. Chardan Capital Markets and its affiliates are leaders in special purpose acquisition companies (SPACs), having raised more than $2.2 billion for SPACs since 2018. Chardan Capital Markets also actively advises clients with the structuring and successful closing of SPAC business combinations. Chardan Capital Markets’ affiliates have been sponsors of six prior SPACs, the first four of which successfully closed cross-border business combinations. In addition to its leading U.S.-based SPAC practice, Chardan Capital Markets sponsored or advised the first SPACs in China, Vietnam, Latin America, and Eastern Europe and the firm continues to be an active leader in cross-border SPAC transactions.
Paul Packer 49 Chief Executive Officer, Chief Financial Officer and Director
Claude Benitah 71 Director
Michael A. Ferguson 50 Director
John M. Horne 53 Director
Examples of industries and sectors in which potential target companies may benefit from globalization trends include:
● Agriculture, Food and Water Resources. According to the U.N., the global population is expected to reach 8.6 billion in 2030, 9.8 billion in 2050 and 11.2 billion in 2100. Overall demand for food is expected to grow 60% from 2015 by the year 2050, according to the World Economic Forum. Demand for food is expected to grow at faster than overall rates in developing regions as average per capita incomes increase proportionately faster than in more mature economies. Along with pressure on secure food supplies, the U.N. forecasts that demand for fresh water will exceed supply by 40% in 2030. As demand for food and water increases due to the parallel factors of global population expansion and higher standards of living in emerging nations, there is concern about the capacity of the world’s food and water production and distribution systems to keep pace with demand. We believe these trends present opportunities for investment in food and water production, distribution, and related systems.
● Energy. Historically, economic growth and development has been proportionately related to energy consumption, while the investment in alternate and efficient energy systems in advanced economies has enabled in some cases a de-coupling of economic growth and energy consumption in these mature economies. However, according to the International Monetary Fund as of 2016, 85% of the world’s population lives in developing economies. As globalization supports expansion of emerging markets, developing countries are forecast to consume 67% of global energy use in 2040, compared to 57% in 2017, according to the U.S. Energy Information Administration. We believe that the fast growing developing economies present opportunities for investment to enable sustainable energy production and distribution that is expected to be required in these regions.
● Mining and Natural Resources. Minerals and natural resources are important inputs to economic activity. While fossil fuels have helped to improve living standards around the world since the 18th century, their associated greenhouse gas emissions have led to global warming. Policies shifting demand to low-emission energy and transportation systems are more mineral-intensive than their fossil fuel-based counterparts; we believe this transition provides a great opportunity for the mining sector. According to the World Economic Forum, companies will need to venture into frontier mining regions which we believe will benefit developing regions. According to the McKinsey Global Institute, between $1.2 trillion to $3.0 trillion investment in developing country’s mining, oil, and gas infrastructure would be required before 2030 in order to provide for adequate supplies of resources. In addition, as world-class mineral resources in low-risk areas become exhausted, mining companies must either master new technologies for extraction and processing, or venture into frontier areas where extraction has not previously been economically viable. We believe there are target investment opportunities with companies enabling efficient and environmentally responsible mining of minerals particularly in emerging markets.
● Telecommunications. Good performance in trade requires connectivity along not only roads, rail, and sea, but in telecommunications, financial markets and information-processing. With the rise of telecommunication and computing systems, information management has become a critical aspect of economic infrastructure that extends not only to voice and consumer-oriented connectivity such as entertainment but also into all facets of physical economic activity from efficient management of raw materials, their conversion into finished goods, and the efficient transport and logistics systems involved in moving goods around the world. We anticipate that the global telecommunications industry will experience significant growth fueled by the requirements of consumers, devices, and infrastructure. Key growth drivers in the telecommunications market include technological development and economic growth in developing economies, where advanced systems may be installed without the complexity of having to replace active predecessor networks. Investment in the global rollout of dense network infrastructure including 5G technology is expected to be $2.7 trillion by the end of 2020 according to a Greensill report. We believe that the emerging economies will participate in the adoption of advanced technologies in order to maintain the connectivity required for global trade.
● Transportation and Logistics. International trade requires complex interactions between people, firms, and organizations. Supply chains cross countries and regions and are active 24 hours per day, 7 days per week. As cross-border supply chains become more globally dispersed, the quality of a country’s logistics services can determine whether or not it can participate effectively in the global economy. For all nations, but for developing countries in particular, inefficient or inadequate systems of transportation, logistics, and trade-related infrastructure can severely impede a country’s ability to compete on a global scale. E-commerce can be a catalyst for private sector development, increased trading opportunities and development gains. In a global economy, developing countries can provide cost efficient supplies of goods for export and for local consumption. However, poor logistics remain a barrier to e-commerce growth of cross-border e-commerce of physical goods in many developing countries. We believe investments in transportation infrastructure and logistics systems will benefit from globalization and increasing trade.