Heights Capital Management Inc. Makes New $1.28 Million Investment in Globa Terra Acquisition Corp $GTERU

Heights Capital Management Inc. bought a new stake in shares of Globa Terra Acquisition Corp (NASDAQ:GTERU) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 125,000 shares of the company’s stock, valued at approximately $1,276,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Picton Mahoney Asset Management bought a new position in shares of Globa Terra Acquisition in the 3rd quarter worth about $1,526,000. BCK Capital Management LP bought a new stake in Globa Terra Acquisition during the third quarter worth about $943,000. Yakira Capital Management Inc. bought a new stake in Globa Terra Acquisition during the third quarter worth about $4,880,000. ATW Spac Management LLC purchased a new stake in Globa Terra Acquisition in the third quarter worth about $1,017,000. Finally, Clear Street Group Inc. purchased a new stake in Globa Terra Acquisition in the third quarter worth about $475,000.

Globa Terra Acquisition Stock Up 0.6%

Shares of NASDAQ GTERU 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 fifty-two week low of $10.03 and a fifty-two 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.