Globa Terra Acquisition Corporation (NASDAQ:GTERU) announced the pricing of its $152 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GTERU”, Wednesday, July 9, 2025.
The new SPAC plans to mount a search for a target in the agriculture, agtech or biotech sectors with an emphasis on water solutions and infrastructure.
Globa Terra’s management team is led by Chief Executive Officer Agustin Tristan Aldave, Chief Financial Officer Katherine Chiles, Head of Water Investments Alejandro F. Garza, and Head of Investor Relations Edward Joseph Preble. The Board also includes Kelly Burke, Jesus Demetrio Tueme and Jeff Smith.
Total SPAC deal count for 2025 year-to-date is now 71. This offering is expected to close on Thursday, July 10, 2025.
D. Boral Capital LLC is acting as sole book-running manager for the offering. Paul Hastings LLP is serving as Issuer’s Counsel with Freshfields Bruckhaus Deringer LLP serving as Underwriter’s Counsel. Adeptus Partners LLC serves as auditor. Odyssey Transfer & Trust Company is acting as trustee.
At the SPAC of Dawn In a trading session that may find itself built around the release of Fed minutes at 2 pm ET this afternoon, a pair of SPAC targets have added their own fresh information to the mix. Enterprise AI firm Fusemachines, which has a pending combination with CSLM (OTC:CSLMF), put out a...
Globa Terra Acquisition Corporation (NASDAQ:GTERU) announced the pricing of its $152 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GTERU”, Wednesday, July 9, 2025. The new SPAC plans to mount a search for a target in the agriculture, agtech or biotech sectors with an emphasis on water...
M3-Brigade V (NASDAQ:MBAV) has entered into a definitive agreement to combine with crypto treasury firm ReserveOne, assembling about $1 billion in equity funding. ReserveOne is setting up a diversified Bitcoin and digital asset treasury with a portion of its investments going towards blockchain infrastructure and venture raises. The combined company is expected to trade on...
At the SPAC of Dawn As the SPAC market has warmed in 2025, only 21 of the 70 SPACs (30%) that have IPO’d thus far have overfunded their trusts to draw in investors and none of these funded to more than 101%. By contrast, 87% of 2023 SPACs were overfunded – some to as high...
Emmis Acquisition Corporation (NASDAQ:EMISU) has filed for a $100 million SPAC to take a look at the manufacturing sector after a few unique wrinkles in their IPO process. Initial investors are set to receive one right to a 1/10 share in each unit purchased and the SPAC will have 18 months to complete a business...