GTER SEC filings, in plain English
Everything Globa Terra Acquisition Corp has filed with the SEC that we hold — 40 filings, newest first, 36 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
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What changed: Quarterly report on Form 10-Q for the period ended June 30, 2026. Trust account increased to $181,488,610 ($10.37 per share) from $178,380,953 ($10.19 per share) due to $3,107,657 in interest income. Net income of $2,694,461 for six months. No business combination announced; going concern deadline of October 9, 2026 is approaching. Why it matters: Trust per-share value has increased to $10.37, providing a slightly higher redemption floor. The SPAC must complete a business combination by October 9, 2026 or face liquidation, making the timeline critical for shareholders evaluating redemption or hold decisions.
What changed vs 2026-05-14trust $179.9M → $181.5M +1%trust account, combination deadline, going-concern doubt +21 moved · 4 with no prior record of ours
- Trust account
- $179.9M$181.5M
- Combination deadline
- 2026-10-09 · unchanged
- Going-concern doubt
- stated · unchanged
- Mandate language
- focus its search on high potential businesses based in North… · unchanged
- Redeemable shares
- 17.5M · unchanged
SpacBrain reads this as $1,559,570 was added to the trust between the two filings.
The clause …“was $(10,690), and $ 298,852 respectively. As of June 30, 2026, we had cash held in the Trust Account of $181,488,610. We intend to use substantially all of the funds held in the Trust Account, including any amounts representing”…
The clause …“stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities on or before October 9, 2026. In the event that the Company does not complete a business”…
The clause …“the Company will cease operations on that date. These matters raise substantial doubt about the Company’s ability to continue as a going concern. The unaudited condensed financial statements do not include any adjustments that”…
The clause …“and contingencies (Note 6) Class A ordinary shares, $ 0.0001 par value; 17,499,550 shares subject to possible redemption at $ 10.37 per share as of June 30, 2026 and $ 10.19 per share as of December 31, 2025 181,488,610”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: A routine compliance exhibit consisting of two Limited Powers of Attorney (Exhibits A and B) attached to a Schedule 13G/A filing, formally authorizing designated Mizuho executives to execute, amend, and timely file Form 13G disclosures with the SEC regarding their securities holdings in Globa Terra Acquisition Corp. The provided text contains no beneficial ownership percentages, share quantities, voting pledges, or transaction dates from the primary Schedule 13G/A schedule. Consequently, it introduces no alterations to GTER’s redemption deadline calendar, trust value per share accounting, extension procedures, or sponsor deal pursuit status. It solely updates the internal corporate authorization chain permitting continued regulatory submissions. Why it matters: The filing confirms that Mizuho’s executive leadership—as attributed to the documents signed by Shuji Matsuura (Senior Managing Corporate Executive and Managing Executive Officer for Global Corporate & Investment Banking) and Adam Hopkins (Chief Legal Officer and Managing Director, General Counsel)—maintains active Section 13(d)/(g) reporting obligations for GTER. Because it omits all quantitative position data, it carries no immediate impact on investor exit mechanics, capital commitment verification, or transaction valuation milestones. The text additionally discloses that Mizuho Bank, Ltd. operates as a non-U.S. institution equivalent to Bank at 1–5–5, Otemachi, Chiyoda–ku, Tokyo 100–8176, Japan; Mizuho Americas LLC functions as a parent holding company; and Mizuho Securities USA LLC operates as a registered Broker-Dealer, both headquartered at 1271 Avenue of the Americas, NY, NY 10020, USA. All authorizations remain effective until filings are no longer required or revoked by written notice dated 5-14-2026.
What changed: Routine compliance exhibit: a Schedule 13G beneficial ownership report [Accession No. 0001072613-26-000428] filed by Karpus Management, Inc. The provided filing text attributes only the submission of a beneficial ownership statement to Karpus Management, Inc. It contains no data, amendments, or declarations touching upon GTER’s trust fund composition, redemption trigger thresholds, extension voting procedures, business combination pacing, or sponsor conduct. Why it matters: As a standard equity disclosure capturing holder concentration rather than corporate action or valuation parameters, the excerpt supplies no figures, claims, or structural modifications affecting the SPAC’s search timeline, capital preservation protocols, or shareholder exit mechanics. Investors seeking actionable signals on deadline management, trust utilization, or target advancement will find this submission devoid of material content warranting portfolio adjustment.
What changed: Quarterly report (Form 10-Q) for the period ended March 31, 2026. No new business combination agreement, no extension proposal, no material changes to trust mechanics. Trust value rose from $178,380,953 (Dec. 31, 2025) to $179,929,040 (Mar. 31, 2026) due to $1,548,087 in interest income. Per-share redemption value increased from $10.19 to $10.28. Cash on hand fell from $551,127 to $371,555. Net income was $1,340,806 for the quarter. The deadline to complete a business combination is Oct. 9, 2026 (15 months from closing), with up to 21 months by means of two three-month extensions. The filing discloses substantial doubt about going concern if no deal closes by that date. No litigation, new risk factors, or sponsor conduct changes were reported. The sponsor transferred 87,500 founder shares to Meridien Peak as consulting consideration. Why it matters: The trust is growing steadily, exceeding $10.00 per share, which provides a buffer for redemption. However, the clock is running — just over five months remain to the initial deadline (Oct. 9, 2026). No announced target or letter of intent. The filing's going concern disclosure is a flag that deal execution risk is elevated for investors tracking redemption deadlines. The sponsor's continuing use of founder shares for consulting fees suggests active deal pursuit but no announced transaction.
What changed vs 2025-11-19trust $176.7M → $179.9M +2%trust account, combination deadline, going-concern doubt +21 moved · 4 with no prior record of ours
- Trust account
- $176.7M$179.9M
- Combination deadline
- 2026-10-09 · unchanged
- Going-concern doubt
- stated · unchanged
- Mandate language
- focus its search on high potential businesses based in North… · unchanged
- Redeemable shares
- 17.5M · unchanged
SpacBrain reads this as $3,265,381 was added to the trust between the two filings.
The clause …“was $10,692, and $137,500 respectively. As of March 31, 2026, we had cash held in the Trust Account of $ 179,929,040 . We intend to use substantially all of the funds held in the Trust Account, including any amounts representing”…
The clause …“stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities on or before October 9, 2026. In the event that the Company does not complete a business”…
The clause …“the Company will cease operations on that date. These matters raise substantial doubt about the Company’s ability to continue as a going concern. The unaudited condensed financial statements do not include any adjustments that”…
The clause …“and contingencies (Note 6) Class A ordinary shares, $ 0.0001 par value; 17,499,550 and 0 shares subject to possible redemption at $ 10.28 per share as of March 31, 2026 and $ 10.19 per share as of December 31, 2025 179,929,040”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed by Globa Terra Acquisition Corp (GTER). Trust account value increased to $178.4 million ($10.19 per public share) due to $3.4 million interest income; no business combination has been announced; the deadline to complete a deal is 15 months from the July 2025 IPO (by October 9, 2026), with potential sponsor-funded extensions up to 21 months; the auditor issued a going-concern qualification; no extensions have been taken yet; the company remains in the searching phase with no definitive agreement. Why it matters: Investors tracking redemption mechanics now have an updated trust value above the $10.00 IPO price; the clock is ticking toward the October 2026 deadline, and the lack of a deal increases the risk of liquidation; the going-concern paragraph underscores the urgency; the increased trust value improves the per-share redemption amount if a deal is not completed.
What changed: A Joint Filing Agreement (Exhibit 99.1) accompanying a Schedule 13G, dated February 17, 2026. Per the signatories, Shane Cullinane (Chief Operating Officer) and Allyson Hanlon (Deputy General Counsel) executed the agreement on behalf of seven LMR Partners entities, with Ben Levine and Stefan Renold signing individually. The exhibit records an administrative linkage of these holders into a single reporting vehicle. It contains zero references to GTER’s redemption deadline, trust value per share, extension mechanics, target deal progress, or sponsor conduct. No share quantities, percentages, prices, or transaction dates are disclosed. Why it matters: As filed by the undersigned, this document confirms the procedural binding of LMR Partners’ international affiliates and principals to joint 13G amendments going forward. Because the exhibit supplies no beneficial ownership percentage, acquisition date, or statement of purpose, it does not clarify current positioning relative to regulatory thresholds. For investors tracking capital allocation ahead of a business combination vote, the absence of quantitative disclosure leaves redemption floor assumptions, trust retention calculations, and sponsor alignment signals unverified until the main Schedule 13G body is released. The filing remains purely administrative.
What changed: A routine compliance exhibit consisting of two limited powers of attorney (Exhibit A and Exhibit B) attached to a Schedule 13G/A filing, executed pursuant to the Securities Exchange Act of 1934 to authorize Takahiro Katsura to sign and file Form 13G amendments on behalf of Mizuho Financial Group, Inc., Mizuho Bank, Ltd., Mizuho Americas LLC, and Mizuho Securities USA LLC. Filed on 2-12-2026 and signed by Hidekatsu Take (Deputy President & Corporate Executive for Mizuho Financial Group; Managing Executive Officer, Head of Global Corporate & Investment Banking Division, Head of Global Transaction Banking Unit for Mizuho Bank) and Adam Hopkins (Chief Legal Officer and Managing Director, General Counsel for Mizuho Americas LLC and Mizuho Securities USA LLC), the filing updates Mizuho entities' internal delegation for executing Section 13(d) and Section 13(g) disclosures. Bearing on SPAC mechanics, the document confirms no adjustments to GTER’s redemption deadlines, trust value ($10.37 per share), extension voting windows, target acquisition progress, or sponsor conduct. It contains no proposals for trust account reallocations, redemption price modifications, or deadline suspensions. Why it matters: This administrative instrument solely governs SEC filing execution authority for beneficial ownership reporting. It introduces no claims regarding GTER’s customers, revenue, market size, strategy, technology, partnerships, litigation, or target-search personnel. The referenced entity headquarters (1-5-5, Otemachi, Chiyoda-ku, Tokyo 100-8176, Japan; 1271 Avenue of the Americas, NY, NY 10020, USA) and dated signatures function as corporate records only. Investors tracking redemption triggers, trust preservation, extension resolutions, deal timelines, or sponsor governance should note that this exhibit maintains compliance infrastructure without altering shareholder economics or contractually binding SPAC milestones.
What changed: Quarterly report on Form 10-Q (unaudited condensed financial statements). This is Globa Terra's first 10-Q since its July 10, 2025 IPO, covering the stub period from IPO through September 30, 2025. The filing establishes baseline trust value ($176,663,659, or $10.10 per public share after interest) and confirms no business combination agreement is in place. The company had $691,042 of cash outside the trust, net income of $1,312,252 for the period (entirely from trust interest). The deadline to complete a deal is 15 months from IPO (October 9, 2026), with up to two 3-month extensions available. Management disclosed substantial doubt about going concern if no deal is done by that date. Sponsor conduct: on March 25, 2025, the Sponsor voluntarily surrendered 1,354,317 founder shares for no consideration. Why it matters: This filing establishes the baseline redemption value ($10.10 per share as of September 30, 2025). The trust value is $176.66M, consisting of the $174.995M IPO deposit plus $1.67M of earned interest. Shareholders considering redemption should note: the company is early in its search period, no target has been announced, and it has ample time (until October 2026) to find a deal. The Sponsor's voluntary surrender of founder shares and transfer of shares to independent directors/management are positive governance signals.
What changed vs 2025-08-14going concern APPEAREDgoing-concern doubt, trust account, combination deadline +21 moved · 4 with no prior record of ours
- Going-concern doubt
- not statedstated
- Trust account
- not previously extracted$176.7M
- Combination deadline
- not previously extracted2026-10-09
- Redeemable shares
- not previously extracted17.5M
- Mandate language
- focus its search on high potential businesses based in North… · unchanged
SpacBrain reads this as the substantial-doubt sentence is in this filing and not in the previous one.
The clause …“the Company will cease operations on that date. These matters raise substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments that may be necessary”…
The clause “Private Placement, net of offering costs. As of September 30, 2025, we had cash held in the Trust Account of $176,663,659. We intend to use substantially all of the funds held in the Trust Account, including any amounts representing”…
The clause …“stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities on or before October 9, 2026. In the event that the Company does not complete a business”…
The clause …“and contingencies (Note 6) Class A ordinary shares, $ 0.0001 par value; 17,499,550 and 0 shares subject to possible redemption at $ 10.10 per share as of September 30, 2025 and $ 0 per share as of December 31, 2024 176,663,659 —”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: SEC Form 12b-25 Notification of Late Filing regarding Globa Terra Acquisition Corporation’s delayed Quarterly Report on Form 10-Q for the quarter ended September 30, 2025. Chief Financial Officer Katherine Chiles notified the SEC that the Form 10-Q missed its regulatory deadline because the Company and its auditor require additional time to complete the final review of the financial statements and disclosures. The filing commits to submitting the report on or before the fifth calendar day following the prescribed due date. All other periodic reports under Section 13 or 15(d) during the preceding twelve months have been filed on time. No changes to the SPAC’s redemption calendar, trust distribution framework, or extension voting procedures are disclosed in this submission. Why it matters: Administrative delays do not alter existing trust structures or trigger automatic redemption rights, but they extend the period during which shareholders lack updated quarterly financials to evaluate sponsor execution and target pipeline viability. The CFO attributes the lag exclusively to standard audit finalization steps and cites a clean compliance history over the preceding twelve months, which suggests the postponement is procedural rather than indicative of sponsorship misconduct or operational distress. However, extended preparation cycles can compress deal negotiation windows, potentially pressuring sponsors to finalize merger targets faster, request extension votes later, or face heightened scrutiny during future redemption periods. The filing also establishes Chief Financial Officer Katherine Chiles as the designated contact ((404) 547-0225) for inquiries, confirming continued executive oversight despite the reporting pause. No claims regarding customers, revenue, market size, technology, partnerships, litigation, or personnel changes appear in the text.
What changed: An Exhibit A joint filing agreement attached to an amended Schedule 13G beneficial ownership report for securities of Globa Terra Acquisition Corp. The provided excerpt contains only the signature and consent language permitting joint filing under Rule 13d-1(k). It identifies Harraden Circle Investments, LLC; Harraden Circle Investors GP, LP; Harraden Circle Investors GP, LLC; Harraden Circle Investors, LP; Harraden Circle Special Opportunities, LP; Harraden Circle Strategic Investments, LP; Harraden Circle Concentrated, LP; and Frederick V. Fortmiller, Jr. as co-filers. No beneficial ownership percentages, amendment effective dates, acquisition costs, statements of purpose, or SPAC structural mechanics are disclosed in this text. Why it matters: For investors tracking redemption deadlines, trust value, extensions, deal progress, or sponsor conduct, this exhibit provides no new operational data. It confirms routine administrative consolidation, allowing affiliated Harraden Circle vehicles to submit a single amended 13G through a common Managing Member. Without the accompanying Schedule 13G/A pages, no shifts in control, economic interest, redemption exposure, or acquisition-stage disclosures can be verified from this excerpt alone.
What changed: A Joint Filing Agreement (Exhibit 99.1) attached to a Schedule 13G beneficial ownership report. The filing establishes that Globa Terra Sponsor LLC, Globa Terra Management LLC, and Agustin Tristan Aldave will report their combined beneficial ownership of Class A ordinary shares jointly under SEC Rule 13d-1(k). The document records no acquisitions, dispositions, pledges, or changes in voting or investment power. Redemption windows, trust account mechanics, extension vote triggers, business combination negotiations, and sponsor conduct outside of this reporting aggregation remain untouched. Why it matters: This is a standard compliance exhibit designed to consolidate SEC reporting for affiliated insiders. The filing contains no substantive commercial or operational disclosures: there are no claims about customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel. Because it conveys zero transactional data, financial metrics, or forward-looking statements, it does not shift the redemption calendar, alter trust distribution sequencing, or signal progress toward a merger. Investors should treat it as routine regulatory housekeeping with no direct bearing on capital allocation or liquidity timing.
What changed: A Schedule 13G joint filing agreement and attached Exhibit A submitted to report beneficial ownership of Ordinary Shares of Globa Terra Acquisition Corporation under Rule 13d-1(k) of the Securities Exchange Act of 1934. Nothing changed regarding redemption deadlines, trust value, extension provisions, business combination progress, or sponsor conduct. The filing does not modify the SPAC’s SEARCHING status or any shareholder voting/redemption mechanics. It simply records that Westchester Capital Management, LLC; Westchester Capital Partners, LLC; Virtus Investment Advisers, LLC; and The Merger Fund are jointly fulfilling a regulatory ownership disclosure obligation. Why it matters: This administrative submission confirms institutional position-holding, verified by signature blocks executed on November 14, 2025 by CaSaundra Wu (Chief Compliance Officer), Chetram Persaud (Chief Compliance Officer), and Daphne Chisolm (Vice President, Counsel and Assistant Secretary). For investors tracking SPAC mechanics, the document contains zero claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or corporate personnel beyond the named signatories. It provides no updates to redemption calendars, alters no trust valuations, indicates no merger timeline shifts, and reveals no sponsor conduct developments. Its sole relevance lies in identifying four specific fund vehicles currently holding or having recently crossed the 5% beneficial ownership threshold, requiring no mechanical adjustment to existing shareholder expectations.
What changed: In its own terms, this document is an Exhibit A and Exhibit B containing Limited Powers of Attorney executed pursuant to Section 13(d) and 13(g) of the Securities Exchange Act of 1934, submitted as part of a Schedule 13G filing for Globa Terra Acquisition Corp. Per the provided text, the document reports nothing concerning redemption deadlines, trust account mechanics, extension voting, business combination deal progress, or sponsor conduct. It functions exclusively as a procedural authorization instrument for SEC filing compliance. Why it matters: While operationally inert regarding SPAC redemption or merger timelines, the filing substantively catalogs corporate governance authorizations made by Mizuho-affiliated entities. Hidekatsu Take (Deputy President & Corporate Executive of Mizuho Financial Group, Inc.) and Hidekatsu Take (Managing Executive Officer, Head of Global Corporate & Investment Banking Division of Mizuho Bank, Ltd.) execute the instruments. Adam Hopkins (Chief Legal Officer and Managing Director, General Counsel of Mizuho Americas LLC and Mizuho Securities USA LLC) also signs on behalf of his affiliated entities. These parties grant Takahiro Katsura (Managing Director, Head of Global Branches & Subsidiaries Coordination Office, Global Corporate Function Coordination Department) power of attorney to execute, amend, supplement, and timely file Form 13G with the U.S. Securities and Exchange Commission regarding the filers’ holdings and transactions. Filers classify Mizuho Bank, Ltd. as 'A non-U.S. institution equivalent to Bank', Mizuho Americas LLC as 'A parent holding company', and Mizuho Securities USA LLC as 'A registered Broker-Dealer'. Principal office locations are stated as 1-5-5, Otemachi, Chiyoda-ku, Tokyo 100-8176, Japan and 1271 Avenue of the Americas, NY, NY 10020, USA. All executions are dated 11-13-2025. The text contains no claims regarding customer relationships, revenue streams, market size, strategic initiatives, technology capabilities, partnership structures, pending litigation, or operational personnel beyond these governance appointments. No numerical computations are performed, no rounding occurs, and no standard trust share conventions are applied or referenced.
What changed: Schedule 13G (beneficial ownership report). The filing names Glazer Capital, LLC and Paul J. Glazer as the reporting persons for GTER. The provided excerpt contains no disclosures that alter redemption mechanics, trust account composition or value, deadline proximity, business combination progress, or sponsor conduct. No ownership percentages, transaction dates, or voting/transfer restrictions are included. Why it matters: The document makes no assertions regarding customers, revenue, market size, operational strategy, technology, partnerships, litigation, or executive personnel. Because the excerpt omits percentage stakes, acquisition costs, and statements of investment purpose, it does not indicate a shift in shareholder alignment, SPAC governance influence, or capital deployment timelines that would affect redemption behavior. No claims were advanced by any party in this excerpt, so no attribution applies.
What changed: A routine compliance exhibit: Schedule 13G — beneficial ownership report. The filing text attributes beneficial ownership to five related entities and individuals (WOLVERINE ASSET MANAGEMENT LLC; Wolverine Trading Partners, Inc.; Wolverine Holdings, L.P.; Christopher L. Gust; Robert R. Bellick) and identifies the instrument as a beneficial ownership report. The excerpt discloses no purchase price, acquisition date, aggregate share count, or percentage of outstanding stock. Consequently, it reports no revisions to redemption deadlines, trust account distributions, extension voting schedules, business combination pipelines, or sponsor compensation and conduct mechanics. Why it matters: Securities regulation characterizes a Schedule 13G as a disclosure triggered when a person or group crosses the 5 percent beneficial ownership threshold and represents its position as passive rather than control-seeking. The document attributes accumulation to the Wolverine investment ecosystem alongside two named principals, which functions as a positional marker for latent block liquidity or passive alignment ahead of SPAC de-SPAC transactions. Because the excerpt omits the mandatory Form 13G disclosures—specifically the exact ownership percentage, the transaction date range, and the stated investment purpose—it does not alter the existing search status, validate sponsor activity, or provide data needed to calibrate redemption windows or trust valuation timelines. Until the complete exhibit supplies those omitted data points, the filing serves only as an attribution ledger rather than a catalyst for capital commitment, extension approval, or deal execution.
What changed: Quarterly report on Form 10-Q for the quarterly period ended June 30, 2025. This 10-Q is essentially a pre-IPO report; the Company had not completed its IPO until July 10, 2025 (after the quarter end). The filing shows the SPAC in its pre-funding state: deferred offering costs of $1.6 million, a working capital deficit of $(1.6 million), and $296,509 due to the Sponsor. The IPO and Private Placement details are disclosed as subsequent events: $174.995 million placed in trust at $10.00 per unit (trust value $10.37 per share based on the trust proceeds divided by 17,499,550 public shares). The Company has a 15-month deadline to complete a Business Combination (extendable to 21 months). No extensions have been exercised yet. No target has been announced. Sponsor shares were surrendered and transferred during Q1 2025. Why it matters: This filing formalizes the SPAC's capital structure and trust mechanics for investors tracking redemption deadlines and sponsor conduct. The trust is fully funded at the standard $10.00 per public share, with a 15-to-21-month deadline starting July 10, 2025. The Sponsor's transfer of 418,188 Founder Shares to independent directors and management on May 14 and June 11, 2025, and 87,500 shares to an advisor (Meridien Peak) on May 30, 2025, are notable for governance and dilution tracking. No working capital loans were outstanding as of the report date, and no changes to internal controls were reported.
What changed: SEC Form 8-K Current Report (Item 8.01 Other Events) accompanied by Exhibit 99.1, a press release announcing the commencement of separate trading for the securities underlying Globa Terra Acquisition Corp’s initial public offering units. On July 24, 2025, the company announced that holders of units sold in the IPO may elect to separate them into individual components—Class A ordinary shares, redeemable warrants, and rights—commencing July 25, 2025. Per the attached press release, each unit consists of one Class A ordinary share ($0.0001 par value), three-fourths of one warrant (each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50), and one right to receive one-tenth (1/10) of one Class A ordinary share upon consummation of an initial business combination. Separated shares, warrants, and rights will list on Nasdaq under symbols GTER, GTERW, and GTERR, respectively, while undivided units continue trading as GTERU. The company specified that no fractional warrants will be issued upon separation and directed holders to instruct their brokers to contact Odyssey Transfer and Trust Company to facilitate the split. Why it matters: The mechanical division of units shifts liquidity and risk allocation ahead of a de-SPAC transaction, allowing investors to price equity, leveraged derivatives, and deferred share rights independently. According to the July 24, 2025 press release, CEO Agustin Tristan Aldave and the company state that their acquisition strategy will focus exclusively on agribusiness and water sectors, targeting food-tech, ag-tech, bio-tech, controlled environment agriculture, open field crops, water utility, water treatment, pipelines, desalination, and other water solutions. The filing identifies D. Bolar Capital LLC as the sole book-running manager for the underwritten offering and confirms the SEC declared the registration statement effective on July 7, 2025. Although this 8-K contains no update on redemption deadlines, trust account reconciliations, extension mechanisms, or target selection progress, the unit split establishes the trading architecture that will dictate how sponsors, institutional allocators, and retail participants navigate pre-combination volatility and determine when warrant dilution or share conversion thresholds become actionable.
What changed: Form 8-K Current Report disclosing the consummation of an initial public offering and a concurrent private placement, accompanied by Exhibit 99.1 containing an audited balance sheet and explanatory notes prepared by Adeptus Partners, LLC. Per Item 8.01 and the attached financial notes, Globa Terra Acquisition Corporation completed its IPO on July 10, 2025, selling 17,499,550 units at $10.00 per unit, fully exercising the underwriters’ 2,282,550-unit over-allotment option and generating $174,995,500 in gross proceeds. Simultaneously, the Company raised $3,154,136 through a private placement of 394,267 private placement units and 788,534 restricted Class A ordinary shares. The filing states that $174,995,500 of the combined net proceeds was placed in a trust account managed by Odyssey Transfer and Trust Company. The Company establishes a 15-month deadline to complete an initial business combination from the July 10, 2025 IPO closing, extendable to 21 months if the Company deposits additional funds for up to two three-month extensions. Under the audited balance sheet signed by Chief Executive Officer Agustin Tristan Aldave, the Sponsor retains 5,833,183 Class B ordinary shares after surrendering 1,354,317 shares on March 25, 2025; the Sponsor subsequently transferred 418,188 founder shares to independent director nominees and management members between May and June 2025, and 87,500 shares to Meridien Peak on May 30, 2025, with the Company estimating the fair value of those 505,688 transferred shares at $606,826. A commitment letter dated June 12, 2025 provides a standing authority for up to $450,000 in working capital loans from the Sponsor, though zero amounts were drawn as of the balance sheet date. Transaction costs totaled $3,020,921, broken down into a $750,000 cash underwriting discount and $2,270,921 in other offering expenses. Why it matters: This filing formally locks the post-offering trust balance and statutory acquisition timeline, defining the exact redemption window and extension mechanics for public shareholders. The documented transfer of founder shares to advisors and executives, alongside a monthly $15,000 administrative services agreement and separate consulting arrangements with Meteora Capital, LLC and Meridien Peak, clarifies the sponsor’s ongoing compensation structure and pre-combination burn rate. With $1,004,288 in operating cash, $677,779 in working capital, deferred expenses of $150,000, and an unencumbered $450,000 lender facility, management states it holds sufficient capital to cover due diligence, travel, and structuring costs until the earlier of a business combination or one year from the audit report date. The notes confirm zero operating revenues to date and a strategic mandate confined to evaluating high-potential targets based in North America. Standard public warrant economics are codified at a $11.50 exercise price with a $18.00 redemption trigger, establishing baseline dilution parameters without amendment.
What changed: A Schedule 13G Joint Filing Agreement (Exhibit A) establishing that eight Harraden Circle-affiliated investment vehicles and Frederick V. Fortmiller, Jr. will file a single beneficial ownership report for shares of Globa Terra Acquisition Corp pursuant to Rule 13d-1(k). The filing records a coordinated reporting arrangement among Harraden Circle Investments, LLC; Harraden Circle Investors GP, LP; Harraden Circle Investors GP, LLC; Harraden Circle Investors, LP; Harraden Circle Special Opportunities, LP; Harraden Circle Strategic Investments, LP; Harraden Circle Concentrated, LP; and Frederick V. Fortmiller, Jr. for their aggregated holdings. It contains no amendments to previously disclosed percentages, no assertions of control triggering a 13D obligation, and no statements affecting redemption windows, trust fund distributions, extension mechanics, merger timelines, or sponsor conduct. The exhibit contains zero attributable claims regarding customers, revenue, market size, technology, partnerships, litigation, or personnel. Why it matters: For investors tracking GTER’s search-phase mechanics, this document provides no updates on deal progress, redemption deadlines, trust value trajectories, or governance changes. It solely streamlines regulatory compliance by designating Frederick V. Fortmiller, Jr. as the managing member authorized to execute filings on behalf of the affiliated entities. Because the agreement discloses no commercial strategy, target pipeline information, or economic terms, it does not trigger redemptions, conversions, or voting events. The substantive takeaway is limited to confirming the unified ownership structure behind the reported position without altering shareholder rights or introducing new conditional terms.
What changed: Form 8-K filed by Globa Terra Acquisition Corp to report the consummation of its initial public offering (IPO) on July 10, 2025, and the entry into related agreements (underwriting, trust, warrant, rights, private placement, registration rights, letter agreement, administrative services, and indemnification). The company completed its IPO of 17,499,550 units (including full exercise of the underwriters' over-allotment option) at $10.00 per unit, generating gross proceeds of $174,995,500, all of which were deposited into the trust account. The trust account therefore holds $10.00 per public share. The company has 15 months from the closing of the IPO (or up to 21 months if extended) to complete an initial business combination. Sponsor and insiders agreed to vote in favor of any business combination, not to redeem their shares, and are subject to lock-up periods (founder shares: up to one year or upon certain price triggers; private placement units: 180 days; restricted shares: 90 days). The sponsor also agreed to forfeit up to 760,850 founder shares depending on over-allotment exercise. The company intends to focus on target businesses in the agribusiness and water sectors. Why it matters: This is a new SPAC entering the market. Investors should note the trust value is exactly $10.00 per share at IPO, the deadline for a business combination is 15 months from July 10, 2025 (i.e., October 10, 2026, if extended to 21 months), and the sponsor has meaningful skin in the game with founder shares subject to forfeiture and lock-ups. The company's stated focus on agribusiness (food-tech, ag-tech, bio-tech, controlled environment agriculture, open field crops) and water (water utility, treatment, pipelines, desalination) may attract investors interested in those sectors. The filing includes all standard SPAC agreements with no unusual or adverse terms.
What changed: 424B4 prospectus filed pursuant to Rule 424(b)(4) for the initial public offering of Globa Terra Acquisition Corp (GTER), a newly formed blank-check company searching for a business combination target. This is the final prospectus for the IPO. This is the first public filing of the final prospectus for GTER's IPO. It establishes all base-line terms of the SPAC: 15,217,000 units at $10.00/unit (up to 17,499,550 if overallotment exercised), each unit containing one Class A ordinary share, three-fourths of one warrant, and one right. Trust is $10.00/unit ($152.17M initial, $174.995M if overallotment). Deadline is 15 months from closing (up to 21 months via two 3-month sponsor-funded extensions at $0.10/unit each). Sponsor purchased 5,833,183 founder shares for $25,000. Sponsor and a private placement investor purchased 394,267 private placement units and 788,534 restricted Class A shares for $3,154,136. Management team members received 418,188 founder shares. Advisor Meridien Peak received 87,500 founder shares. Sponsor non-managing members have expressed interest in purchasing up to ~11.37M units. No target has been selected. Why it matters: This filing sets all redemption mechanics, trust value, extension terms, dilution structure and sponsor economics for GTER. Investors now have a complete baseline to evaluate redemption risk, sponsor incentives, and deal timeline. Key metrics: Net tangible book value at no redemptions is $7.40-$7.42 per share (substantial dilution from $10.00). At maximum redemptions NTBV drops to $0.17-$0.18. The sponsor's founder shares cost $0.0043 each. The filing also discloses a material conflict of interest with Agrinam Acquisition Corp, another blank check company managed by the same team, which has priority over GTER for deals.
What changed: A Form 3 insider ownership report filed by director and Chief Executive Officer Tristan Aldave Agustin, Globa Terra Sponsor LLC, and Globa Terra Management LLC. Per the filing’s own text, none of the reporting persons executed any non-derivative transactions or reported current holdings. The submission serves as a regulatory baseline confirming each party’s self-designated 10% ownership status without detailing share quantities, acquisition dates, or trust account movements. Why it matters: For investors tracking redemption deadlines, trust value, extensions, or deal progress, this routine compliance exhibit indicates zero mechanical change. Because the filers themselves stated that no transactions or holdings occurred, there is no update to sponsor conduct, no shift in the search period timeline, and no impact on liquidation preferences or trust preservation. Beyond the stated 10% ownership designations, the document contains no claims about customers, revenue, market size, strategy, technology, partnerships, litigation, or executive performance.
What changed: This document IS an SEC Form 3 insider ownership report filed by Globa Terra Acquisition Corp director Burke Kelly James, which explicitly states 'No non-derivative transactions or holdings reported.'. According to the filing, there are no recorded insider equity movements, meaning the report provides no updated data on redemption submissions, trust account balance adjustments, extension proposals, target acquisition progress, or sponsor trading activity. Why it matters: Beyond the mechanical baseline, the report contains no substantive claims about customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel changes. As stated in the filing itself, the director’s beneficial ownership remains unchanged. This matters because a null Form 3 during a SEARCHING phase establishes a documented statutory audit trail for insider positions prior to any deal-phase disclosure triggers. For investors tracking capital commitment signals, the absence of reported purchases confirms the director has not deployed personal capital into GTER shares through this reporting window, leaving trust composition, cash runway, and search timeline parameters entirely unadjusted while locking in a pre-disclosure ownership floor.
What changed: SEC Form 3 insider ownership report filed to disclose equity and derivative positions of Chief Financial Officer Katherine Chiles at Globa Terra Acquisition Corp. The filing states 'No non-derivative transactions or holdings reported,' indicating zero changes to the CFO’s registered equity balance. Consequently, there are no adjustments to insider positioning that would alter redemption deadline projections, trust value maintenance schedules, extension vote logistics, or deal progress assessments. Why it matters: According to the Form 3 data, executive portfolio activity remains static, removing insider buying or selling as a near-term indicator of acquisition urgency or redemption liquidity pressure. The submission contains no disclosures regarding customer contracts, revenue milestones, market sizing, technology roadmaps, partnership agreements, active litigation, or personnel restructuring beyond the standard officer title listing.
What changed: Form 3 insider ownership report for Globa Terra Acquisition Corp, identifying director Jeffrey Andrew Smith as the reporting person. The regulatory filing states that reporting person Jeffrey Andrew Smith has no non-derivative transactions or holdings reported. Bearing on SPAC mechanics, the document contains no disclosure of target business discussions, extension voting procedures, redemption deadline adjustments, trust account recalculations, or sponsor contribution modifications. All statements derive exclusively from the issuer’s SEC submission. Regarding additional substance, the filing reports no claims about customers, revenue, market size, strategy, technology, partnerships, active litigation, or personnel changes beyond the director designation. Why it matters: For investors tracking redemption calendars and trust distribution protocols, this routine Form 3 confirms the named director has not executed recent open-market share purchases or sales, yielding a neutral signal regarding director-level positioning during the SEARCHING phase. The absence of transactional disclosures or procedural triggers neither advances the company’s pursuit of a business combination nor alters liquidity expectations for public shareholders. Because the filing introduces no numerical metrics or milestone markers, it does not impact upcoming vote schedules or trust payout mechanics. Market participants should monitor subsequent Definitive Proxy Statements or Merger Agreements for binding redemption dates and sponsor conduct commitments.
What changed: Form 3 insider ownership report filed by director and Head of Investor Relations Edward Preble for Globa Terra Acquisition Corp, formally cataloging the reporting person’s beneficial ownership and transaction activity with the issuer's securities. The filing explicitly states 'No non-derivative transactions or holdings reported,' confirming a complete absence of insider purchases, sales, or derivative exercises during the covered period. This confirms zero shift in personal capital allocation, meaning redemption deadline mechanics, trust account liquidity parameters, extension voting timelines, and the current 'SEARCHING' status for a business combination remain entirely unaltered. Why it matters: For investors tracking sponsor conduct and deal alignment, the static ownership posture eliminates short-term speculation regarding covert accumulation or strategic liquidation ahead of potential shareholder votes or financing events. Because the document discloses no claims regarding customer contracts, revenue streams, market size, technology roadmaps, partnership negotiations, litigation exposures, or executive personnel changes, there are no operational, strategic, or fundamental variables introduced. The submission functions strictly as a routine regulatory ledger with no measurable impact on valuation assumptions, redemption thresholds, or target acquisition progress.
What changed: Form 3 – Insider Ownership Report filed by director Tueme Jesus Demetrio for Globa Terra Acquisition Corp, which explicitly states that no non-derivative transactions or holdings were reported. The filing records zero adjustments to non-derivative insider positions. There are no updates to redemption calendar dates, trust account calculations, business combination extension provisions, target acquisition progress, or sponsor conduct markers beyond the routine statutory disclosure. Why it matters: For investors tracking SPAC timelines and insider alignment, a null Form 3 during an active search phase confirms the reported director has neither accumulated nor reduced equity exposure, providing no forward-looking signal regarding capital structure stress or deal conviction. Because the filer disclosed no non-derivative activity, there is no new data to adjust redemption windows, evaluate cash preservation strategies, or reassess deal execution risk. The document contains no claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel changes.
What changed: SEC Form 3, an insider ownership report. According to the filing’s reporting section, Garza Ruzafa Alejandro Francisco, identified as Head of Water Investments, states that 'No non-derivative transactions or holdings reported.' No acquisition, disposition, or positional update was disclosed. Why it matters: Against your tracking criteria for redemption deadlines, trust value, extensions, deal progress, and sponsor conduct, this document introduces no mechanical variables. The form does not reveal target negotiation status, extension amendment proposals, warrant or call exercise activity, redemption threshold movements, or insider purchasing/selling that would adjust timeline calculations or trust consumption models. Because the filer explicitly reports zero transactions and zero holdings, there are no voting impacts, liquidity signals, or sponsor conduct indicators to incorporate into investor frameworks. The text also contains no substantive claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel; any operational, financial, or forward-looking assertions would require separate regulatory submissions or public remarks attributable to named executives or the sponsor organization.
What changed: Form 8-A for Registration of Certain Classes of Securities Pursuant to Section 12(b) of the Securities Exchange Act of 1934, filing a registration statement to list units, Class A Ordinary Shares, redeemable warrants, and fractional rights on The Nasdaq Stock Market LLC. According to the filing, Globa Terra Acquisition Corporation is registering four security classes for Nasdaq trading: units, each comprising one Class A Ordinary Share, three-fourths of one redeemable warrant, and one right entitling the holder to one-tenth of one Class A Ordinary Share; Class A Ordinary Shares at a par value of $0.0001 per share; whole warrants exercisable for one Class A Ordinary Share at an exercise price of $11.50; and rights as defined. Chief Executive Officer Agustin Tristan Aldave executed the form on July 7, 2025. The document contains no disclosures regarding redemption deadlines, trust account balances, extension proposals, target acquisition progress, or sponsor conduct. The $10.37 trust-per-share figure cited in your prompt does not appear anywhere in the filing. Why it matters: This is an administrative listing registration rather than a substantive operational or financing update. Its practical significance lies in locking in the precise public instrument structure and triggering Nasdaq eligibility for trading ahead of any future business combination vote. By incorporating the 'Description of Securities' from the S-1 prospectus (originally filed April 16, 2025), the filing establishes the fixed warrant strike price ($11.50) and fractional rights that will govern post-listing secondary trading. For investors tracking redemptions, extensions, or sponsor behavior, the document confirms the exact entitlements subject to future redemption pricing mechanics but offers no new data on cash retention, timeline adjustments, or management actions.
What changed: A Rule 461 correspondence letter submitted to the SEC Division of Corporation Finance requesting acceleration of the effective date of a Form S-1 registration statement. Chief Executive Officer Agustin Tristan Aldave formally requested that the SEC accelerate the effective date of Registration Statement File No. 333-286585 to 9:00 a.m. Eastern Time on Monday, July 7, 2025, or as soon thereafter as practicable. The letter designates Gil Savir of outside counsel Paul Hastings LLP as the contact point to coordinate the acceleration by telephone once the declaration is effected. No filings amended redemption calendars, trust share accounting, extension mechanisms, merger negotiation milestones, or sponsor conduct disclosures. Why it matters: Because this is purely an administrative timing request for an S-1 declaration of effectiveness, it does not alter public shareholder redemption windows, change trust account valuations, or indicate imminent business combination resolution. It confirms only that management and counsel are advancing the capital raise timeline without providing commercial metrics, customer claims, revenue projections, market size estimates, technology descriptions, partnership announcements, litigation updates, or personnel changes beyond the named executive. Shareholders tracking redemption deadlines, trust distribution schedules, or target acquisition progress will find no operative changes in this correspondence.
What changed: A routine regulatory correspondence (CORRESP) formally requesting acceleration of a Registration Statement on Form S-1 effectiveness under Rule 461 of the Securities Act of 1933. D. Boral Capital LLC and outside counsel Paul Hastings LLP joined the Company’s request that the Securities and Exchange Commission declare the Form S-1 (Registration No. 333-286585) effective at 9:00 am Eastern Time on July 7, 2025. The correspondence outlines offering mechanics, stating the firm will distribute copies of the Preliminary Prospectus dated June 17, 2025 to anticipated underwriters and institutions, and affirms compliance with Rule 15c2-8 distribution requirements. Why it matters: The acceleration schedule creates a definitive endpoint for capital raising, which dictates when IPO proceeds could enter the trust account and thereby sets the baseline funding level for any future business combination vote where shareholders exercise redemption rights. By tethering all distribution materials to the June 17, 2025 preliminary prospectus, D. Boral Capital LLC signals that sponsor claims regarding customers, revenue trajectories, target markets, technology roadmaps, or partnership pipelines have not been updated since that date. The letter also functions as a compliance ledger for banker conduct, documenting that distribution controls and compensation arrangements satisfy 1934 Exchange Act standards. Investors tracking extension deadlines or redemption thresholds should treat this filing as a procedural milestone that freezes the disclosure baseline and locks in the timing window for trust accumulation.
What changed: A third post-effective amendment to a Form S-1 Registration Statement, filed exclusively as an exhibits-only submission attaching legal opinion letters, governance committee charters, director nominee consents, a clawback policy, and references to executed ancillary agreements. Amendment No. 3 explicitly states the remainder of the registration statement is unchanged. It adds two legal opinion letters: Exhibit 5.1 from Paul Hastings LLP (United States counsel) and Exhibit 5.2 from Maples and Calder (Cayman) LLP (Cayman Islands counsel). The opinions validate the proposed underwritten public offering of up to 17,499,550 units at US$10 per unit, which includes a 45-day over-allotment option for 2,282,550 units. Each unit contains one Class A ordinary share, three-fourths of one warrant exercisable at US$11.50 per share, and one right to receive one-tenth (1/10) of a share upon consummation of a business combination. The exhibit index also adds consents for nominees Kelly Burke, Jesus Demetrio Tueme, Edward Joseph Preble, and Jeff Smith; forms for audit, compensation, and nominating/corporate governance committees; a clawback policy; and references an Amended and Restated Consulting Agreement with Meteora Capital, LLC dated June 10, 2025, and an Amended and Restated Promissory Note to the Sponsor dated June 12, 2025. Why it matters: The filing advances regulatory and administrative prerequisites for the offering’s effective date without altering the company’s existing trust mechanics, redemption calendar, extension provisions, or business combination search status. By attaching mandated consent letters and legal validations, counsel Paul Hastings and Maples and Calder confirm the company is a validly existing exempted Cayman Islands entity with authorized capital of US$22,100 split into 200,000,000 Class A shares, 20,000,000 Class B shares, and 1,000,000 preference shares, and note that 5,833,183 Class B shares are currently issued and fully paid. Director Agustin Tristan Aldave certifies in writing that no litigation, arbitration, winding-up, or liquidation proceedings exist and that the board considers the offering commercially beneficial. The additions signal active post-offering governance structuring through independent director nominations, standalone board committees, a clawback policy, and continued operational and debt financing arrangements with Meteora Capital, LLC and the sponsor. Chief Executive Officer Agustin Tristan Aldave and Chief Financial Officer Katherine Chiles execute the filing on June 26, 2025.
What changed: A CORRESP filing dated June 26, 2025, functioning as a formal SEC correspondence letter submitting Globa Terra Acquisition Corp.’s responses to Division of Corporation Finance comments on Amendment No. 2 to Registration Statement on Form S-1 (File No. 333-286585), concurrently accompanied by Amendment No. 3. The SEC staff (via its June 25, 2025 letter) directed counsel to revise legal opinions attached to the registration statement to remove assumptions of material or ascertainable facts. Specifically, New York counsel’s opinion on Founders Shares (referenced on page 30 and in clauses v, ix, xi, xv, xiii, and xiv) was flagged for being overly broad and improperly assuming compliance with Cayman Islands rules or relying on the Maples Opinion without inclusion. Cayman counsel’s opinion (Exhibit 5.2, Part 2, paragraph 2.10) received identical treatment. As stated by the Company and Paul Hastings LLP (identified via Gil Savir at 212-318-6080), revised Exhibits 5.1 and 5.2 were filed in Amendment No. 3 to align with Staff Legal Bulletin No. 19 Section II.B.3. and II.B.3.a. These revisions adjust disclosure formality and do not modify the SPAC’s search period, redemption deadline structure, trust account disbursement triggers, extension vote parameters, or sponsor equity retention. Why it matters: The SEC’s focus on counsel opinion assumptions confirms the registration statement remains in active pre-effective-date examination, a procedural bottleneck that delays clearance but does not independently compress redemption windows, drain trust value, or force extension filings. Aside from the regulatory comment cycle and the listed transaction participants (Jeffrey Lewis, Shannon Menjivar, Stacie Gorman, Pam Long, Gil Savir, Paul Hastings LLP, Maples), the document contains zero information regarding projected target businesses, customer pipelines, revenue run-rates, addressable market sizing, proprietary technology, commercial partnerships, outstanding litigation, or executive commentary on deal execution. Consequently, while it evidences routine regulatory diligence requiring counsel amendments, it offers no actionable update on redemption calendars, trust preservation mechanics, or sponsor fiduciary conduct.
What changed: SEC Division of Corporation Finance comment letter addressing Amendment No. 2 to a Form S-1 registration statement. In its own terms, this document is a routine compliance exhibit: an SEC staff comment letter dated June 25, 2025, addressed to Chief Executive Officer Agustin Aldave. Bearing on mechanics: The filing contains no updates to redemption deadlines, trust accounts, merger extensions, target acquisition progress, or sponsor conduct. Bearing on other substance: The Division of Corporation Finance directed New York counsel to revise Exhibit 5.1 (page II-3) to eliminate overly broad or improperly ascertainable assumptions under Staff Legal Bulletin No. 19 (specifically clauses v, ix, xi, xv, xiii, xiv) and to reconcile the filing's stated reliance on a 'Maples Opinion,' which the SEC noted was not actually submitted as Exhibit 5.2. The staff also instructed Cayman counsel to amend Exhibit 5.2 to remove an assumption in paragraph 2.10 of Part 2, directing that counsel may not assume material or ascertainable facts when issuing legal opinions. The SEC provided contact references for Jeffrey Lewis at 202-551-6216, Shannon Menjivar at 202-551-3856, Stacie Gorman at 202-551-3585, and Pamela Long at 202-551-3765, and cc'd Brandon J. Bortner, Esq. File No. 333-286585 tracks the amended registration originally filed June 17, 2025. Why it matters: This comment letter pauses the effectiveness of the Amended Form S-1 until the firm legal opinions are corrected, clarified, and resubmitted for review. Until the SEC declares the registration statement effective, the SPAC cannot raise capital or execute an initial business combination, effectively lengthening the search period without altering the underlying trust mechanics or redemption thresholds. Sponsor conduct reflects standard regulatory housekeeping rather than strategic deviation, litigation exposure, or governance deterioration.
What changed: SEC Comment Response Letter (CORRESP) submitting responses to Division of Corporation Finance feedback on Amendment No. 1 to a Form S-1 registration statement, concurrently filed with Amendment No. 2. This document is an SEC comment response letter (CORRESP) addressing Division of Corporation Finance feedback on Amendment No. 1 to a Form S-1 registration statement, concurrently filed with Amendment No. 2. Bearing on redemption deadlines, trust distributions, extensions, deal progress, and sponsor conduct: The Company, represented by counsel Gil Savir of Paul Hastings LLP, discloses adjustments to sponsor equity architecture prior to registration statement effectiveness. The Company states there will be three different classes of sponsor units, with one unit further divided into Class B-1 and Class B-2 units. Revisions on the cover page, page 32, and page 121 of the Amended Registration Statement disclose the number of units outstanding per category, clarify forfeiture triggers for specific Class B units versus non-forfeited shares, map allocations between institutional Private Placement Investors and sponsor non-managing members and between sponsor officers and directors for Class B-2, Class C, and Class B-1 units, and confirm the private placement investor’s affiliate or promoter relationship to the sponsor. The filing lists contact number 212-318-608. Nothing in this submission establishes, shifts, or waives redemption deadlines, trust account payout mechanics, extension voting procedures, or signals a signed business combination target. On other substance: The Company makes no claims regarding prospective targets, customer pipelines, revenue forecasts, market sizing, operating strategy, intellectual property, partnership frameworks, active litigation, or leadership composition. The filing is strictly a disclosure compliance exercise to satisfy SEC staff queries before the prospectus reaches effectiveness. Why it matters: It locks in pre-effectiveness disclosures on sponsor retained equity, private placement investor allocations, and class-specific forfeiture mechanics that directly shape post-listing capital structure and dilution exposure. For investors monitoring redemption windows and extension triggers, it confirms the SPAC remains in the SEC review and prospectus finalization phase rather than executing a de-SPAC transaction or convening a shareholder vote, meaning the trust corpus, distribution formula, and deadline calendar remain governed by prior filings. The precise mapping of unit classes ensures investors can accurately model control rights and economic participation once the registration statement becomes effective.
What changed: Amendment No. 2 to Registration Statement on Form S-1 (S-1/A) for Globa Terra Acquisition Corp., a blank-check SPAC currently searching for a target and filing its IPO registration statement. This Amendment No. 2 updates the prospectus with revised terms: (1) In the earlier S-1, each unit gave one share + one-half warrant + one-twelfth right; this amendment changes to three-fourths warrant per unit and one-tenth per right. (2) Reduced the aggregate private placement securities from 394,267 units and 788,534 restricted shares (unchanged count) but increased the price per private placement security from $10.00 to a combined $10.00 for 1.25 units + 2.5 restricted shares; the sponsor now pays $2,854,136 (previously $2,729,136) and the Private Placement Investor pays $300,000 (unchanged). (3) The trust value remains fixed at $10.00 per unit, but the total trust deposit is now $152,170,000 (unchanged from prior). (4) The 15-month/21-month extension window is maintained, but the extension deposit per three months is now clearly stated as $1,521,700 (or $1,749,955 if over-allotment exercised). (5) Disclosure of five separate SPAC experiences and their public market prices as of June 10, 2025. (6) Agrinam (AGRI-U.TO) updated: delisting by TSX in June 2025, an appeal pending. Why it matters: This filing contains the definitive terms for a new SPAC IPO. It establishes the trust value per share ($10.37 from a per-unit $10.00 trust deposit plus interest) and start of the 15-month redemption clock upon closing. It provides comprehensive sponsor compensation and dilution details (sponsor pays nominal $0.0043 per founder share). It discloses the material conflict of interest with affiliate Agrinam and the general priority it holds over acquisition opportunities. It details the unique structure of sponsor non-managing members who can buy units and vote but are not bound by lock-ups. It also discloses that the Sponsor transferred 87,500 founder shares to Meridien Peak as compensation.
In plain English
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.