L1 Global Manager Pty Ltd purchased a new position in shares of Globa Terra Acquisition Corp (NASDAQ:GTERA – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 100,000 shares of the company’s stock, valued at approximately $1,010,000.
Separately, Picton Mahoney Asset Management bought a new stake in Globa Terra Acquisition during the fourth quarter worth about $1,515,000.
Globa Terra Acquisition Price Performance
Shares of GTERA stock opened at $10.31 on Friday. The business’s 50-day moving average price is $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) 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.
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