Global Terra Acquisition Corp (NASDAQ: GTERA) is a blank-check special purpose acquisition company incorporated as a Cayman Islands exempted company that raised capital through an initial public offering to pursue a business combination with a target in the Superfoods and health food sector. The company generates no operating revenue; its only income is interest earned on funds held in a trust account following its IPO, which closed July 2025. Trust account proceeds are reserved to fund the initial business combination, with working capital outside the trust funded by IPO proceeds and private placement proceeds. As of December 31, 2025, the company held $551,127 in its operating bank account. Up to $2,500,000 in Working Capital Loans from the sponsor or affiliated parties may be convertible into private units at $10.00 per unit. GTERA has not completed a business combination as of the 10-K filing date of March 26, 2026, and has no named competitors given its pre-combination status.
- Revenue model
- No operating revenue as of the filing date (10-K, filed 2026-03-26). Income is limited to interest earned on the trust account, which the company expects to be sufficient to cover income tax obligations. Working capital needs are funded by IPO and private placement proceeds held outside the trust.
- Products and services
- Blank-check SPAC vehicle targeting an initial business combination in the Superfoods and health food market, including products with high nutritional density, extended shelf life, and plant-sourced, gluten-free, vegan, and organic attributes, as described in the 10-K filed 2026-03-26.
- Customers and end markets
- No customers or end-market revenues as of the filing date. Intended target sector is the Superfoods consumer health food market, driven by consumer health consciousness, obesity, diabetes, and heart-related health trends, per the 10-K filed 2026-03-26.
- Value-chain role
- Pre-combination acquisition vehicle. Management sources, evaluates, and negotiates with target businesses. Affiliated directors and officers may provide Working Capital Loans up to $2,500,000 convertible into private units at $10.00 per unit, per the 10-K filed 2026-03-26.
- Geographic exposure
- Incorporated in the Cayman Islands with a tax exemption undertaking for 30 years under the Cayman Islands Tax Concessions Act. Targets businesses in the United States and global markets, per the 10-K filed 2026-03-26.
Source: SEC 10-K, filed 2026-03-26
Industry:
Blank Checks