Globa Terra Acquisition Corp. (GTERU), a SPAC based in Mexico, priced its IPO in sync with the terms in its prospectus – 15.22 million units at $10.00 each – to raise $152.2 million on Tuesday night, July 8, 2025. Globa Terra Acquisition is expected to start trading tomorrow – Wednesday, July 9, 2025 – on the NASDAQ.
D. Boral Capital (ex-EF Hutton) was the sole book-runner.
Each unit consists of one share of common stock, three-fourths of a warrant, and one right to receive one-tenth (1/10th) of a share upon the completion of an initial business combination.
Globa Terra Acquisition is based in Polanco Ciudad de Mexico. The SPAC is incorporated in the Cayman Islands.
CEO Agustin Tristan Aldave is the founder and CEO of Lexington Capital.
This SPAC intends to search for target companies in the agribusiness and water sectors in the Americas – predominantly in North America. Its search will concentrate on businesses with enterprise values between $500 million and $1 billion, the prospectus said.
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