Lineage Point Capital LP Purchases New Stake in Globa Terra Acquisition Corp $GTERA

Lineage Point Capital LP acquired a new position in Globa Terra Acquisition Corp (NASDAQ:GTERA) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 89,000 shares of the company’s stock, valued at approximately $899,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stoic Point Capital Management LLC acquired a new position in Globa Terra Acquisition during the 4th quarter valued at about $252,000. Rivernorth Capital Management LLC grew its position in shares of Globa Terra Acquisition by 64.6% during the 4th quarter. Rivernorth Capital Management LLC now owns 117,389 shares of the company’s stock worth $1,186,000 after buying an additional 46,053 shares during the period. Boothbay Fund Management LLC bought a new stake in shares of Globa Terra Acquisition during the fourth quarter worth approximately $1,010,000. Heights Capital Management Inc. bought a new stake in shares of Globa Terra Acquisition during the fourth quarter worth approximately $1,255,000. Finally, Radcliffe Capital Management L.P. lifted its holdings in Globa Terra Acquisition by 16.7% in the fourth quarter. Radcliffe Capital Management L.P. now owns 350,000 shares of the company’s stock valued at $3,535,000 after buying an additional 50,000 shares during the period.

Globa Terra Acquisition Trading Up 0.1%

Shares of NASDAQ GTERA opened at $10.31 on Friday. Globa Terra Acquisition Corp has a fifty-two week low of $9.93 and a fifty-two week high of $10.32. The firm has a 50 day simple moving average of $10.27.

Globa Terra Acquisition (NASDAQ:GTERA) last released its earnings results on Thursday, May 14th. The company reported $0.08 EPS for the quarter.

Globa Terra Acquisition (NASDAQ: GTERA) is a special purpose acquisition company (SPAC), commonly referred to as a blank‑check company, formed to effect mergers, share exchanges, asset acquisitions, stock purchases, reorganizations or similar business combinations. Its primary corporate purpose is to raise capital in an initial public offering and to identify and complete a business combination that will result in a private operating company becoming publicly traded.

As a SPAC, Globa Terra Acquisition does not operate a traditional, revenue‑generating business prior to completion of its business combination.