Globa Terra Acquisition Corp.
Key Metrics
Market Snapshot
About
Global Terra Acquisition Corp. (GTERA) is a special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company completed its initial public offering in 2021, raising capital to identify and acquire a target company in the technology, media, or telecommunications sectors. GTERA focuses on businesses with enterprise values between $500 million and $2 billion, particularly those demonstrating strong growth potential and sustainable competitive advantages. The SPAC is sponsored by an experienced management team with backgrounds in private equity, investment banking, and technology entrepreneurship. As a blank-check company, GTERA does not have operations of its own but instead holds funds in trust while conducting due diligence on potential acquisition targets. The company typically has a defined timeframe, usually 18 to 24 months from its IPO, to complete a business combination, after which it must return capital to shareholders if no transaction is consummated. GTERA represents an investment vehicle that allows public market investors to participate in private company acquisitions alongside experienced sponsors, with shareholder approval required for any proposed business combination.