GTERR

Global Terra Acquisition Corp. (GTERR) operates as 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 was incorporated in 2021 and is headquartered in Miami, Florida. As a blank check company, Global Terra Acquisition Corp. does not have operations of its own but instead raises capital through an initial public offering with the specific intent of acquiring or merging with an existing operating company. The SPAC structure allows the target company to become publicly traded through the merger process, providing an alternative to a traditional IPO. Global Terra Acquisition Corp. initially focused its search on businesses in the technology, media, telecommunications, and entertainment sectors, though SPACs typically retain flexibility in their target selection. The company raised funds through its public offering, holding the capital in trust while management searches for a suitable acquisition target. Like other SPACs, Global Terra Acquisition Corp. operates under a defined timeline to complete a business combination, typically within 18 to 24 months of its IPO, after which shareholders vote on the proposed transaction and may elect to redeem their shares if they disagree with the chosen target.