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

Globa Terra Acquisition’s (NASDAQ:GTERU) lock-up period is set to expire 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. After the expiration of the company’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Globa Terra Acquisition Stock Performance

GTERU stock opened at $10.28 on Friday. Globa Terra Acquisition has a twelve month low of $10.03 and a twelve month high of $11.04. The stock has a fifty day simple moving average of $10.28.

Hedge Funds Weigh In On Globa Terra Acquisition

Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. purchased a new position in shares of Globa Terra Acquisition during the third quarter worth approximately $255,000. Heights Capital Management Inc. purchased a new position in Globa Terra Acquisition during the 3rd quarter worth $1,276,000. Quarry LP bought a new stake in Globa Terra Acquisition during the 3rd quarter valued at $506,000. Citadel Advisors LLC purchased a new stake in shares of Globa Terra Acquisition in the 3rd quarter worth $2,150,000. Finally, Clear Street Group Inc. bought a new position in shares of Globa Terra Acquisition during the 3rd quarter worth $475,000.

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.