Globa Terra Acquisition’s (NASDAQ:GTERU – Get Free Report) lock-up period will end on Monday, January 5th. Globa Terra Acquisition had issued 15,217,000 shares in its initial public offering on July 9th. The total size of the offering was $152,170,000 based on an initial share price of $10.00. After the expiration of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.
Globa Terra Acquisition Stock Performance
NASDAQ GTERU opened at $10.28 on Monday. Globa Terra Acquisition has a 12 month low of $10.03 and a 12 month high of $11.04. The company’s fifty day moving average is $10.28.
Institutional Trading of Globa Terra Acquisition
Several hedge funds and other institutional investors have recently bought and sold shares of GTERU. Bulldog Investors LLP bought a new position in Globa Terra Acquisition during the 3rd quarter worth approximately $229,000. JPMorgan Chase & Co. bought a new stake in shares of Globa Terra Acquisition in the 3rd quarter valued at approximately $255,000. Clear Street Group Inc. acquired a new stake in shares of Globa Terra Acquisition during the 3rd quarter valued at approximately $475,000. Quarry LP acquired a new stake in shares of Globa Terra Acquisition during the 3rd quarter valued at approximately $506,000. Finally, ADAR1 Capital Management LLC bought a new position in Globa Terra Acquisition during the third quarter worth $508,000.
Global Terra Acquisition Corp. (NASDAQ:GTERU) is a special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses. The company was incorporated in Delaware in 2021 and completed its initial public offering later that year, listing its units on the New York Stock Exchange under the symbol GTERU. As of its IPO, the company does not have any ongoing operating business other than identifying and evaluating potential target companies for a business combination.
To date, Global Terra Acquisition Corp.
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