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 was $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] - The company has no off-balance sheet arrangements or long-term liabilities as of September 30, 2025[114] 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 - The company completed its Initial Public Offering on July 10, 2025, raising gross proceeds of $174,995,500 from the sale of 17,499,550 units[105] - Following the Initial Public Offering, a total of $174,995,500 was placed in the Trust Account, with transaction costs amounting to $3,195,665[107] - The underwriters received a cash underwriting discount of $0.05 per unit, totaling $750,000, paid upon the closing of the Initial Public Offering[116] 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, net of offering costs[109]
Globa Terra Acquisition Corp-A(GTERA) - 2025 Q3 - Quarterly Report