Quarterly ResultMay 14, 2026, 05:22 PM
Globa Terra Acquisition Q1 Net Income $1.34M
AI Summary
Globa Terra Acquisition Corp, a blank check company, reported a net income of $1,340,806 for the three months ended March 31, 2026, primarily from $1,548,087 in interest earned on its trust account investments. The company's total assets stood at $180.47 million, with $179.93 million held in trust. It continues to operate as an early-stage company, with all activities focused on its formation and initial public offering, and is seeking a business combination by October 9, 2026.
Key Highlights
- Net income for Q1 2026 was $1,340,806.
- Income earned on investment held in trust was $1,548,087 for the quarter.
- Total assets reached $180,466,114 as of March 31, 2026.
- Investment held in trust totaled $179,929,040.
- Basic and diluted net income per redeemable ordinary share was $0.08.
- Basic and diluted net loss per non-redeemable ordinary share was $(0.01).
- Net cash used in operating activities was $(168,880).
- The company faces a business combination deadline of October 9, 2026.