Globalink Investment Inc. Reports $893,896 Net Loss in Q2 2025, Faces Financial Challenges

Globalink Investment Inc. reported its financial results for the second quarter of 2025, revealing a net loss of $893,896 for the three months ending June 30, 2025, compared to a loss of $217,185 during the same period in 2024. For the first half of 2025, the company recorded a net loss of $1,632,451, significantly higher than the $592,492 loss reported in the first half of 2024. The increase in losses was primarily driven by higher interest expenses of $736,826 and general administrative expenses totaling $604,083, alongside tax penalties and interest of $297,339.

The company’s total assets as of June 30, 2025, amounted to $3,797,033, a slight increase from $3,699,990 at the end of 2024. However, total liabilities surged to $14,571,784, up from $11,162,750, largely due to an increase in accounts payable and the addition of convertible notes related to a promissory note with a related party. The stockholders’ deficit also widened to $11,704,788 from $10,686,274, reflecting the ongoing losses and adjustments related to common stock subject to possible redemption.

In terms of operational developments, Globalink has not yet commenced any business operations, as it remains focused on identifying a target for its initial business combination. The company has extended its deadline for completing this combination to December 9, 2025, following a series of special meetings where stockholders approved amendments to its Certificate of Incorporation. As of June 30, 2025, the company had 72,601 shares of common stock subject to possible redemption, down from 277,511 shares at the end of 2024.

The company has also faced challenges related to its compliance with Nasdaq listing requirements, resulting in a delisting notice in December 2024. Following this, Globalink's securities have been quoted on the OTC Pink market. Despite these challenges, the company continues to pursue its merger agreement with Alps Global Holding Pubco, which has undergone several amendments to facilitate the transaction. The company is actively seeking to raise additional capital through private investment in public equity (PIPE) agreements, with a total of $3,479,911 subscribed as of June 30, 2025.

Looking ahead, Globalink's management has expressed uncertainty regarding its ability to complete a business combination by the extended deadline. The company will need to secure additional financing to support its operations and fulfill its obligations, including the repayment of promissory notes totaling $4,570,422 as of June 30, 2025. The management's ongoing evaluation of market conditions and strategic decisions will be critical in navigating these challenges and achieving its business objectives.