Globa Terra Acquisition Corp

Globa Terra Acquisition Corporation received a notification from Nasdaq indicating that its securities are subject to delisting procedures. This action follows the Company's failure to complete a business combination within the timeframe stipulated by Nasdaq rules and its own IPO Registration Statement. The Company has not utilized available extension options and is currently seeking an extension to July 9, 2027. Globa Terra Acquisition Corp plans to request a hearing before a Nasdaq Panel to appeal this determination, which would allow its securities to remain listed pending the outcome of the appeal.

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.