Globa Terra Acquisition Corporation Announces Revised Shareholder Extension Proposal, including $0.03 Per Share Payment for Redeeming and Non-Redeeming Shareholders Subject to Extension Approval and Funding
Key Highlights
- ➤$0.03 per public share proposed if extension approval and funding occur
- ➤November 9 meeting seeks extension through July 9, 2027
- ➤Sponsor missed previously contemplated $1,749,955 three-month extension payment
- ➤Nature's Ledger deal remains nonbinding; definitive agreement not yet executed
- ➤Nasdaq issued Staff Delisting Determination on October 16, 2026
Expert Statements
Agustin Tristan Aldave, Chief Executive Officer of Globa Terra Acquisition Corporation
“We recognize that our shareholders have been patient and that the delay in our extension process has created uncertainty. We understand those concerns, and we take them seriously.”
Agustin Tristan Aldave, Chief Executive Officer of Globa Terra Acquisition Corporation
“We have listened to shareholders and believe it is important that our revised proposal recognizes their interests, including those who determine that redemption is the right decision for them.”
Agustin Tristan Aldave, Chief Executive Officer of Globa Terra Acquisition Corporation
“That is why our amended proposal provides for an initial three-cent-per-share contribution benefiting all public shares outstanding at the meeting, including shares subsequently redeemed, rather than limiting that benefit to shareholders who choose to remain invested.”
Agustin Tristan Aldave, Chief Executive Officer of Globa Terra Acquisition Corporation
“While this payment does not eliminate the inconvenience or uncertainty associated with the delay, we believe it represents a constructive step toward addressing shareholder concerns and restoring confidence.”
Agustin Tristan Aldave, Chief Executive Officer of Globa Terra Acquisition Corporation
“We are respectfully asking our shareholders to give us the opportunity to complete the work we have undertaken and advance a potential business combination that we believe may create long-term value.”
Agustin Tristan Aldave, Chief Executive Officer of Globa Terra Acquisition Corporation
“We are not asking our shareholders for additional time without a purpose or a prospective transaction.”
Agustin Tristan Aldave, Chief Executive Officer of Globa Terra Acquisition Corporation
“We have completed an extensive search process, identified Nature's Ledger as a potential partner, executed a Letter of Intent and are actively working toward a definitive business-combination agreement.”
Agustin Tristan Aldave, Chief Executive Officer of Globa Terra Acquisition Corporation
“We recognize that the original extension payment was not made and that the revised process requires additional patience from our shareholders.”
Agustin Tristan Aldave, Chief Executive Officer of Globa Terra Acquisition Corporation
“Our amended proposal is intended to address that situation in a constructive manner, including providing the three-cent benefit to public shareholders who decide to redeem.”
Agustin Tristan Aldave, Chief Executive Officer of Globa Terra Acquisition Corporation
“Our request is simple: we respectfully ask shareholders to consider the progress we have made and provide us with the opportunity to complete this process.”
Agustin Tristan Aldave, Chief Executive Officer of Globa Terra Acquisition Corporation
“We remain committed to acting responsibly, communicating transparently and pursuing a transaction that we believe could offer long-term value.”
MIAMI, FL / ACCESS Newswire / October 26, 2026 / Globa Terra Acquisition Corporation (Nasdaq:GTER, GTERU, GTERW, GTERR) ("Globa Terra" or the "Company") today provided an update regarding its amended shareholder extension proposal, its upcoming November 9, 2026 extraordinary general meeting, and continued progress toward a proposed business combination with Nature's Ledger Inc. ("Nature's Ledger").
The Company recognizes that its shareholders have experienced uncertainty following the expiration of the original business-combination period and the Company's decision not to fund the previously contemplated $1,749,955 three-month extension payment.
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