Globa Terra Acquisition’s (NYSE:GTERU – Get Free Report) quiet period will expire on Monday, August 18th. Globa Terra Acquisition had issued 15,217,000 shares in its initial public offering on July 9th. The total size of the offering was $152,170,000 based on an initial share price of $10.00. During Globa Terra Acquisition’s quiet period, underwriters and any insiders that worked on the IPO are restricted from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded Globa Terra Acquisition to a “hold” rating in a research note on Saturday, July 19th.
Check Out Our Latest Report on Globa Terra Acquisition
Globa Terra Acquisition Price Performance
Globa Terra Acquisition Corp is a financial services company in the Trading industry.
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