Globa Terra Acquisition Corporation (GTER) proposed a revised deadline extension with a conditional $0.03-per-public-share payment for redeeming and non-redeeming holders. The November 9, 2026 vote would extend the October 9 deadline to November 9, with up to eight board-elected monthly extensions through July 9, 2027. Initial funding would total approximately $524,987 and precede redemptions; the sponsor's funding intention is not binding. Later monthly deposits would be the lesser of $0.04 per remaining public share or $50,000.
The prior $1,749,955 extension contribution was not made. Globa Terra received a Nasdaq Staff Delisting Determination; extension approval alone would not cure the deficiency. The company and Nature's Ledger are targeting a definitive combination agreement around November 9, subject to negotiations, due diligence and approvals. Their letter of intent remains nonbinding.