Heights Capital Management Inc. bought a new position in Globa Terra Acquisition Corp (NASDAQ:GTERU – Free Report) during the third quarter, HoldingsChannel.com reports. The fund bought 125,000 shares of the company’s stock, valued at approximately $1,276,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. UBS Group AG bought a new position in shares of Globa Terra Acquisition during the third quarter valued at $5,460,000. Yakira Capital Management Inc. bought a new position in Globa Terra Acquisition in the 3rd quarter worth about $4,880,000. Citadel Advisors LLC purchased a new stake in Globa Terra Acquisition during the 3rd quarter valued at about $2,150,000. Picton Mahoney Asset Management purchased a new stake in Globa Terra Acquisition during the 3rd quarter valued at about $1,526,000. Finally, Boothbay Fund Management LLC bought a new stake in Globa Terra Acquisition during the 3rd quarter valued at about $1,017,000.
Globa Terra Acquisition Stock Up 0.6%
Shares of Globa Terra Acquisition stock opened at $10.42 on Wednesday. The company has a 50-day simple moving average of $10.36 and a two-hundred day simple moving average of $10.29. Globa Terra Acquisition Corp has a 52-week low of $10.03 and a 52-week high of $11.04.
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.
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