Clear Street Group Inc. Decreases Stake in Globa Terra Acquisition Corp $GTERA

Clear Street Group Inc. lowered its stake in Globa Terra Acquisition Corp (NASDAQ:GTERA) by 71.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 127,326 shares of the company’s stock after selling 317,983 shares during the period. Clear Street Group Inc.’s holdings in Globa Terra Acquisition were worth $1,286,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Wolverine Asset Management LLC raised its holdings in shares of Globa Terra Acquisition by 1.1% in the fourth quarter. Wolverine Asset Management LLC now owns 1,162,340 shares of the company’s stock worth $11,740,000 after buying an additional 12,856 shares during the last quarter. Berkley W R Corp raised its holdings in shares of Globa Terra Acquisition by 23.6% in the fourth quarter. Berkley W R Corp now owns 886,763 shares of the company’s stock worth $8,956,000 after buying an additional 169,237 shares during the last quarter. Picton Mahoney Asset Management purchased a new position in shares of Globa Terra Acquisition in the fourth quarter worth $1,515,000. L1 Global Manager Pty Ltd purchased a new position in shares of Globa Terra Acquisition in the fourth quarter worth $1,010,000. Finally, Bulldog Investors LLP purchased a new position in shares of Globa Terra Acquisition in the fourth quarter worth $221,000.

Globa Terra Acquisition Price Performance

NASDAQ GTERA opened at $10.30 on Monday. The business has a fifty day moving average of $10.26. Globa Terra Acquisition Corp has a 12-month low of $9.93 and a 12-month high of $10.31.

Globa Terra Acquisition (NASDAQ:GTERA) last issued its earnings results on Thursday, May 14th. The company reported $0.08 earnings per share (EPS) for the quarter.

Globa Terra Acquisition (NASDAQ: GTERA) is a special purpose acquisition company (SPAC), commonly referred to as a blank‑check company, formed to effect mergers, share exchanges, asset acquisitions, stock purchases, reorganizations or similar business combinations. Its primary corporate purpose is to raise capital in an initial public offering and to identify and complete a business combination that will result in a private operating company becoming publicly traded.

As a SPAC, Globa Terra Acquisition does not operate a traditional, revenue‑generating business prior to completion of its business combination.