Globa Terra Acquisition Corporation completes IPO of 17.5M units at $10/unit, raising $175M

Globa Terra Acquisition Corp

IPO of 17,499,550 units (including full over-allotment) at $10/unit, gross proceeds $174,995,500.
Simultaneous private placement of 394,267 units and 788,534 Restricted Class A shares for $3,154,136.
Net proceeds of $174,995,500 placed in trust account; business combination must close within 15 months (extendable to 21 months).
Audited balance sheet as of July 10, 2025 shows total assets $176.1M, shareholders' deficit $288.7K.
Company has 15 months to complete an initial business combination; otherwise will redeem public shares.

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