secwatch.observer — SEC 8-K summary
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Issuer:     Globa Terra Acquisition Corp (GTERA)
CIK:        0002043766
Form:       8-K
Filed at:   2025-07-16T23:59:59+00:00
Accession:  0001140361-25-026058
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2043766/000114036125026058/0001140361-25-026058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2043766/000114036125026058/ef20051730_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-026058

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