Globa Terra Acquisition, a blank check company targeting the agribusiness and water sectors, raised $152 million by offering 15.2 million units at $10. Each unit consists of one share of common stock, one right to receive one-tenth of a share upon the completion of an initial business combination, and three-fourths of a warrant, exercisable at $11.50.
Globa Terra Acquisition is led by CEO and Director Agustin Tristan Aldave, the founder and CEO of alternative investment firm Lexington Capital. Lexington has been involved with several previous SPACs. Globa Terra Acquisition plans to target the agribusiness and water sectors in the Americas, with particular emphasis on North America, focusing on businesses with enterprise values between $500 million and $1 billion.
Globa Terra Acquisition plans to list on the Nasdaq under the symbol GTERU. D. Boral Capital acted as sole bookrunner on the deal.
