Context Capital Management LLC Lowers Position in Globa Terra Acquisition Corp $GTERA

Context Capital Management LLC cut its stake in shares of Globa Terra Acquisition Corp (NASDAQ:GTERA) by 28.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 500,000 shares of the company’s stock after selling 200,000 shares during the period. Context Capital Management LLC’s holdings in Globa Terra Acquisition were worth $5,050,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bulldog Investors LLP purchased a new stake in shares of Globa Terra Acquisition in the fourth quarter valued at about $221,000. L1 Global Manager Pty Ltd purchased a new position in Globa Terra Acquisition during the fourth quarter worth about $1,010,000. Picton Mahoney Asset Management bought a new stake in Globa Terra Acquisition in the 4th quarter worth about $1,515,000. Berkley W R Corp grew its position in Globa Terra Acquisition by 23.6% in the 4th quarter. Berkley W R Corp now owns 886,763 shares of the company’s stock worth $8,956,000 after purchasing an additional 169,237 shares in the last quarter. Finally, Wolverine Asset Management LLC increased its stake in 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 buying an additional 12,856 shares during the last quarter.

Globa Terra Acquisition Stock Performance

Globa Terra Acquisition stock opened at $10.30 on Friday. Globa Terra Acquisition Corp has a 52 week low of $9.93 and a 52 week high of $10.31. The business’s 50 day moving average price is $10.26.

Globa Terra Acquisition (NASDAQ:GTERA) last announced 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.