Radcliffe Capital Management L.P. Raises Stake in Globa Terra Acquisition Corp $GTERA

Radcliffe Capital Management L.P. boosted its position in shares of Globa Terra Acquisition Corp (NASDAQ:GTERA) by 16.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 350,000 shares of the company’s stock after acquiring an additional 50,000 shares during the period. Radcliffe Capital Management L.P.’s holdings in Globa Terra Acquisition were worth $3,535,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Bulldog Investors LLP purchased a new stake in shares of Globa Terra Acquisition during the 4th quarter worth $221,000. L1 Global Manager Pty Ltd purchased a new position in Globa Terra Acquisition in the fourth quarter valued at $1,010,000. Picton Mahoney Asset Management purchased a new position in Globa Terra Acquisition in the fourth quarter valued at $1,515,000. Berkley W R Corp raised its stake in Globa Terra Acquisition by 23.6% in the fourth quarter. Berkley W R Corp now owns 886,763 shares of the company’s stock valued at $8,956,000 after buying an additional 169,237 shares in the last quarter. Finally, Wolverine Asset Management LLC raised its stake in Globa Terra Acquisition by 1.1% in the fourth quarter. Wolverine Asset Management LLC now owns 1,162,340 shares of the company’s stock valued at $11,740,000 after buying an additional 12,856 shares in the last quarter.

Globa Terra Acquisition Stock Down 0.1%

Shares of NASDAQ GTERA opened at $10.30 on Wednesday. The business’s 50-day simple moving average is $10.26. Globa Terra Acquisition Corp has a 1 year low of $9.93 and a 1 year high of $10.31.

Globa Terra Acquisition (NASDAQ:GTERA) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.08 EPS for the quarter.

Globa Terra Acquisition (NASDAQ: GTERA) is a special purpose acquisition company (SPAC), commonly referred to as a blank‑check company, formed to effect mergers, share exchanges, asset acquisitions, stock purchases, reorganizations or similar business combinations. Its primary corporate purpose is to raise capital in an initial public offering and to identify and complete a business combination that will result in a private operating company becoming publicly traded.

As a SPAC, Globa Terra Acquisition does not operate a traditional, revenue‑generating business prior to completion of its business combination.