secwatch.observer — SEC 8-K summary
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Issuer:     Globa Terra Acquisition Corp (GTERA)
CIK:        0002043766
Form:       8-K
Filed at:   2026-10-22T20:05:59+00:00
Accession:  0001140361-26-040510
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Globa Terra SPAC gets Nasdaq delisting notice after missing 15-month business combination deadline
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- Nasdaq Staff Determination dated Oct 16, 2026 says the SPAC failed to complete a business combination within the 36-month limit under IM-5101-2(b) and its own 15-month IPO deadline.
- IPO registration statement allowed up to 21 months via two 3-month extensions requiring $1,749,955 deposited into trust per extension; the company did not fund an extension.
- Company intends to appeal to a Nasdaq Hearing Panel by 4:00 p.m. ET on Oct 23, 2026; GTER, GTERU, GTERW and GTERR would keep trading pending the decision.
- Without a timely hearing request, trading suspends at the open on Oct 27, 2026 and a Form 25-NSE would remove the securities from Nasdaq listing and registration.
- Company is seeking to extend its business combination deadline to July 9, 2027; it gives no assurance the appeal or extension will succeed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2043766/000114036126040510/0001140361-26-040510-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2043766/000114036126040510/ef20084213_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-040510

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