L1 Global Manager Pty Ltd Invests $1.01 Million in Globa Terra Acquisition Corp $GTERA

L1 Global Manager Pty Ltd acquired a new position in Globa Terra Acquisition Corp (NASDAQ:GTERA) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 100,000 shares of the company’s stock, valued at approximately $1,010,000.

Separately, Picton Mahoney Asset Management purchased a new position in shares of Globa Terra Acquisition in the fourth quarter worth about $1,515,000.

Globa Terra Acquisition Trading Up 0.1%

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

Globa Terra Acquisition (NASDAQ:GTERA) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.08 earnings per share (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.