Yakira Capital Management Inc. purchased a new stake in shares of Globa Terra Acquisition Corp (NASDAQ:GTERU – Free Report) in the third quarter, according to its most recent 13F filing with the SEC. The fund purchased 479,858 shares of the company’s stock, valued at approximately $4,880,000. Globa Terra Acquisition makes up 1.7% of Yakira Capital Management Inc.’s investment portfolio, making the stock its 15th largest position.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Picton Mahoney Asset Management bought a new stake in Globa Terra Acquisition during the third quarter valued at $1,526,000. ATW Spac Management LLC bought a new position in Globa Terra Acquisition in the 3rd quarter worth about $1,017,000. BCK Capital Management LP purchased a new stake in shares of Globa Terra Acquisition in the 3rd quarter valued at about $943,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Globa Terra Acquisition in the 3rd quarter valued at about $255,000.
Globa Terra Acquisition Trading Up 0.6%
Shares of GTERU opened at $10.42 on Monday. Globa Terra Acquisition Corp has a 12-month low of $10.03 and a 12-month high of $11.04. The stock has a 50-day moving average price of $10.34 and a 200-day moving average price of $10.28.
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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