Global, Inc. and its subsidiaries (collectively, the “Company” or Global”) is a provider of professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, energy, construction, real estate and environmental markets, operating through a network of locations in the United States and internationally in Macau, Shanghai, Hong Kong, and Vietnam. The Company’s clients include the U.S. federal, state and local governments, and the private sector. Global provides a wide range of services, including, but not limited to, planning, design, consulting, permitting, inspection and field supervision, management oversight, forensic engineering, litigation support, condition assessment and compliance certification.

 

 

 

The Company completed a number of acquisitions in and The purpose of these acquisitions was to expanded the Company’s infrastructure, environmental and project management services and allow Global to offer these services on a broader scale within its existing network. In addition, these acquisitions strengthen the Company’s geographic diversification and allows the Company to continue expanding its footprint.

The acquisitions referenced above were accounted for as business combinations under the acquisition method of accounting. Under this method, the assets acquired, liabilities assumed and non-controlling interest, if any, were recorded in the Company’s consolidated financial statements at their respective fair values as of the acquisition dates, and the results of these acquisitions are included in the Company’s consolidated results from the respective dates of acquisition (see Note

 

On the Company priced a  offering of shares of the Company’s common stock (the “Firm Shares”). Each share was sold at an offering price of per share. The shares sold were registered under the Securities Act of as amended (the “Securities Act”), on an effective registration statement on Form S- (Registration No. - pursuant to the Securities Act. In addition, the Company granted the underwriters of this offering a -day option to purchase an additional shares (the “Option Shares”) of common stock to cover over-allotments. On the Company closed on the Firm Shares, for which we received net proceeds of approximately after deducting the underwriting discount and estimated offering expenses payable by the Company and issued shares. On the Company closed on the full exercise of the Option Shares by the underwriters of the offering with respect to an additional shares of its common stock, for which we received net proceeds of approximately after deducting the underwriters’ discount.

 

On the Company priced a  offering of shares of the Company’s common stock. Each share was sold at an offering price of per share. The shares sold were registered under the Securities Act of as amended (the “Securities Act”), on an effective registration statement on Form S- and an effective registration statement filed with the SEC on Form S- (Registration Nos. - and - pursuant to Rule under the Securities Act. On the underwriters of the offering exercised their option to purchase up to an additional shares, solely to cover over-allotments. The closing of the offering occurred, and was recorded, on upon which we received net proceeds of approximately after deducting the underwriting discount and estimated offering expenses payable by the Company and issued shares.

 

 

In conjunction with the Company’s initial public offering on the underwriter received a warrant to acquire up to units (“Unit Warrant”).  Each of these units consisted of share of the Company’s common stock and warrant to purchase share of the Company’s common stock at an exercise price of per share, which warrant expires on  On the underwriter paid to the Company to exercise of the Unit Warrant.  On the Company delivered shares of common stock to the underwriter, and, on the Company completed the exercise of the Unit Warrant by delivery of the underlying warrants

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On in accordance with the amended and restated warrant agreements, the Company notified the holders of its outstanding public warrants that the Company had called its warrants for redemption. Each public warrant entitled the holder to purchase share of the Company’s common stock at an exercise price of per share. The public warrant holders had until to exercise their public warrants at per share. The redemption resulted in or approximately of the Company’s outstanding public warrants being exercised prior to the expiration time and generated cash proceeds of approximately The remaining public warrants that were not exercised by the expiration time were cancelled and redeemed for the sum of per public warrant. In connection with the redemption of all outstanding public warrants, the trading of the Company’s public warrants was suspended and the warrants were delisted from NASDAQ.