- Business
- Global Blockchain Acquisition Corp. (NASDAQ: GBBK) is a blank check company, or special purpose acquisition company (SPAC), focused on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses; it targets companies in blockchain infrastructure, blockchain applications, and related technologies such as digital assets and tokenized services. Incorporated in 2021 and headquartered in Orlando, Florida, the company has no significant current operations beyond pursuing such transactions and maintaining its trust account for potential redemptions. In April 2025, following the failure to complete an initial business combination by the April 12 deadline—including the termination of its previously announced 2023 merger agreement with Cardea Corporate Holdings Inc., valued at approximately $175 million—Global Blockchain announced the redemption of all outstanding public shares, cessation of operations effective April 14, 2025, delisting from Nasdaq on April 13, 2025, and subsequent dissolution and liquidation in accordance with its charter and Delaware law.