Globa Terra Acquisition Corp’s (NASDAQ:GTERU) Lock-Up Period Set To End on January 5th

Globa Terra Acquisition’s (NASDAQ:GTERU) lock-up period will expire on Monday, January 5th. Globa Terra Acquisition had issued 15,217,000 shares in its 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, major shareholders and company insiders will be able to sell their shares of the company.

Globa Terra Acquisition Stock Performance

Shares of NASDAQ GTERU opened at $10.28 on Wednesday. Globa Terra Acquisition has a 1 year low of $10.03 and a 1 year high of $11.04. The stock’s 50-day simple moving average is $10.28.

Hedge Funds Weigh In On Globa Terra Acquisition

Several large investors have recently modified their holdings of the stock. Bulldog Investors LLP bought a new stake in shares of Globa Terra Acquisition during the third quarter valued at approximately $229,000. JPMorgan Chase & Co. acquired a new stake in Globa Terra Acquisition in the 3rd quarter valued at approximately $255,000. Clear Street Group Inc. bought a new stake in Globa Terra Acquisition during the 3rd quarter valued at $475,000. Quarry LP bought a new stake in Globa Terra Acquisition during the 3rd quarter valued at $506,000. Finally, ADAR1 Capital Management LLC acquired a new position in Globa Terra Acquisition during the 3rd 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.