Globa Terra Acquisition (NASDAQ:GTERU) Trading Down 0.3% – What’s Next?

Shares of Globa Terra Acquisition Corp (NASDAQ:GTERU) were down 0.3% during mid-day trading on Thursday . The company traded as low as $10.37 and last traded at $10.37. Approximately 20 shares were traded during trading, a decline of 100% from the average daily volume of 45,112 shares. The stock had previously closed at $10.40.

Globa Terra Acquisition Trading Down 0.3%

The business has a 50 day moving average of $10.30.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GTERU. Bulldog Investors LLP acquired a new stake in Globa Terra Acquisition during the 3rd quarter worth about $229,000. JPMorgan Chase & Co. purchased a new stake in shares of Globa Terra Acquisition in the third quarter worth approximately $255,000. Clear Street Group Inc. acquired a new stake in shares of Globa Terra Acquisition during the third quarter worth approximately $475,000. Quarry LP purchased a new position in Globa Terra Acquisition during the third quarter valued at approximately $506,000. Finally, ADAR1 Capital Management LLC acquired a new position in Globa Terra Acquisition in the 3rd quarter valued at approximately $508,000.

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.