Financial Position - As of September 30, 2025, the company had cash of $691,042 and positive working capital of $594,021[101] - As of September 30, 2025, cash held in the Trust Account amounted to $176,663,659, intended for the initial business combination[110] - The company does not have any long-term debt or capital lease obligations as of September 30, 2025[115] Income and Revenue - For the nine months ended September 30, 2025, the company reported net income of $1,312,252, primarily from interest income of $1,668,159[103] Initial Public Offering (IPO) - The initial public offering generated gross proceeds of $174,995,500 from the sale of 17,499,550 units at an offering price of $10.00 per unit[105] - Following the IPO, a total of $174,995,500 was placed in the Trust Account, with transaction costs amounting to $3,195,665[107] - The underwriters exercised their over-allotment option fully, purchasing an additional 2,282,550 units[115] Cash Flow - Cash used in operating activities for the nine months ended September 30, 2025, was $256,543[108] - Cash provided by financing activities for the same period was $175,943,085, reflecting proceeds from the IPO and private placements[109] - The company may seek additional financing to complete the business combination if cash on hand is insufficient[113]
Globa Terra Acquisition Corp Unit(GTERU) - 2025 Q3 - Quarterly Report