SCHEDULE 13G: Globa Terra Sponsor Discloses 20.2% Stake
Beneficial Ownership Report
Globa Terra Management LLC, Globa Terra Sponsor LLC, and Agustin Tristan Aldave jointly reported beneficial ownership of up to 20.2% of Globa Terra Acquisition Corp's Class A Ordinary Shares.
Summary
- Globa Terra Management LLC (the "Sponsor"), Globa Terra Sponsor LLC ("Sponsor HoldCo"), and Agustin Tristan Aldave filed a Schedule 13G, disclosing their beneficial ownership in Globa Terra Acquisition Corp.
- The Sponsor beneficially owns 4,623,412 Founder Shares, which are convertible into Class A Ordinary Shares, representing 19.8% of the class.
- Sponsor HoldCo, as the managing member of the Sponsor, also beneficially owns 4,623,412 Founder Shares, representing 19.8% of the class.
- Agustin Tristan Aldave, who controls Sponsor HoldCo and makes investment and voting decisions, beneficially owns an aggregate of 4,723,412 Founder Shares, representing 20.2% of the class.
- Aldave's ownership includes 100,000 shares with sole voting and dispositive power, and 4,623,412 shares with shared voting and dispositive power.
- The reported percentages are calculated based on a denominator of 23,332,733 Ordinary Shares, consisting of 17,499,550 Class A Ordinary Shares and 5,833,183 Founder Shares, as reported in the Issuer's Form 10-Q for the quarter ended June 30, 2025.
- The disclosed ownership excludes Class A Ordinary Shares that may be issued upon the exercise of Private Placement Warrants held by the Sponsor, as these are not exercisable within 60 days of the filing.
Sentiment
Score: 5
Explanation: This is a neutral, mandatory disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the company's performance or prospects.
Future Outlook
This filing does not contain forward-looking statements or guidance.
Industry Context
This filing is a routine disclosure of beneficial ownership by a SPAC's sponsor and its controlling individual. It indicates the continued significant stake held by the founding entities, which is typical for SPAC structures where sponsors retain a substantial portion of the equity, often in the form of founder shares, to align their interests with public shareholders.
Stakeholder Impact
- This filing primarily impacts shareholders by providing transparency regarding the significant ownership stake held by the company's sponsor and its principal. It confirms the existing ownership structure, which is typical for a SPAC.
Key Dates
| Date | Description |
|---|---|
| 2025-06-30 | End of the quarter for which the Issuer's Quarterly Report on Form 10-Q was filed. |
| 2025-07-09 | Date of event which requires the filing of this statement. |
| 2025-08-14 | Date the Issuer's Quarterly Report on Form 10-Q for the Quarter ended June 30, 2025, was filed with the SEC. |
| 2025-11-14 | Date of signing of the Schedule 13G and the Joint Filing Agreement. |
Keywords
Globa Terra Acquisition Corp, Schedule 13G, beneficial ownership, Founder Shares, Class A Ordinary Shares, Agustin Tristan Aldave, Sponsor, SPAC, equity stake, SEC filing
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