Lineage Point Capital LP Buys Shares of 89,000 Globa Terra Acquisition Corp $GTERA

Lineage Point Capital LP bought a new position in shares of Globa Terra Acquisition Corp (NASDAQ:GTERA) during the fourth quarter, HoldingsChannel.com reports. The firm bought 89,000 shares of the company’s stock, valued at approximately $899,000.

Other institutional investors also recently modified their holdings of the company. Wolverine Asset Management LLC increased its stake in shares of Globa Terra Acquisition by 1.1% in the 4th quarter. Wolverine Asset Management LLC now owns 1,162,340 shares of the company’s stock valued at $11,740,000 after acquiring an additional 12,856 shares during the last quarter. Picton Mahoney Asset Management bought a new position in Globa Terra Acquisition during the 4th quarter worth approximately $1,515,000. L1 Global Manager Pty Ltd bought a new position in Globa Terra Acquisition during the 4th quarter worth approximately $1,010,000. Bulldog Investors LLP acquired a new position in Globa Terra Acquisition during the fourth quarter valued at approximately $221,000. Finally, Berkley W R Corp grew its holdings in Globa Terra Acquisition by 23.6% during the fourth quarter. Berkley W R Corp now owns 886,763 shares of the company’s stock valued at $8,956,000 after purchasing an additional 169,237 shares during the period.

Globa Terra Acquisition Stock Up 0.1%

Shares of NASDAQ:GTERA opened at $10.31 on Friday. Globa Terra Acquisition Corp has a 52 week low of $9.93 and a 52 week high of $10.32. The firm has a 50 day moving average price of $10.27.

Globa Terra Acquisition (NASDAQ:GTERA) last posted its earnings results on Thursday, May 14th. The company reported $0.08 earnings per share 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.