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

Globa Terra Acquisition’s (NASDAQ:GTERU) lock-up period is set to end on Monday, January 5th. Globa Terra Acquisition had issued 15,217,000 shares in its IPO on July 9th. The total size of the offering was $152,170,000 based on an initial share price of $10.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

Globa Terra Acquisition Price Performance

GTERU stock opened at $10.28 on Monday. Globa Terra Acquisition has a 52-week low of $10.03 and a 52-week high of $11.04. The stock’s fifty day simple moving average is $10.28.

Institutional Trading of Globa Terra Acquisition

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. purchased a new position in Globa Terra Acquisition in the 3rd quarter valued at about $255,000. BCK Capital Management LP purchased a new position in shares of Globa Terra Acquisition in the 3rd quarter valued at $943,000. Picton Mahoney Asset Management purchased a new position in Globa Terra Acquisition in the third quarter valued at about $1,526,000. ATW Spac Management LLC acquired a new position in Globa Terra Acquisition during the 3rd quarter worth approximately $1,017,000. Finally, Yakira Capital Management Inc. acquired a new position in shares of Globa Terra Acquisition during the third quarter worth $4,880,000.

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.