Globa Terra Announces Definitive Nature’s Ledger Agreement Ahead of November 9 Extension Vote
Globa Terra Acquisition Corporation has entered into a definitive agreement with Nature’s Ledger Inc. for a proposed business combination that remains subject to approvals, financing and other closing conditions.
Globa Terra Acquisition Corporation has entered into a definitive Business Combination Agreement with Nature’s Ledger Inc., establishing the framework for a proposed transaction between the two companies. The agreement was dated November 8, 2026, but completion remains subject to regulatory and shareholder approvals, financing requirements and other customary closing conditions.
The announcement comes ahead of Globa Terra’s extraordinary general meeting on November 9, 2026, at 10:00 a.m. Eastern Time. Shareholders will vote on a proposal to extend the company’s business-combination period.
Under the agreement, Globa Terra and Nature’s Ledger intend to create a publicly traded company that would operate under the Nature’s Ledger name. The transaction framework gives Nature’s Ledger an indicated pre-money equity value of approximately $323.8 million, subject to adjustments under the agreement.
The proposed transaction also includes private investment in public equity, or PIPE, financing. The parties said they will continue work on regulatory filings, shareholder approvals, financing activities and other requirements needed before closing. Further terms and customary closing conditions apply.
Nature’s Ledger is based in Alberta and operates in carbon markets, environmental attributes and related services. Its activities include developing, verifying, aggregating, registering and commercialising carbon credits and environmental attributes, along with advisory and measurement, reporting and verification services.
If shareholders approve the Extension Proposal, Globa Terra’s sponsor, affiliates or designees will deposit $0.03 for each public share outstanding as of the November 9 meeting into the trust account. The payment is to be made within two business days following the meeting and before extension-related redemptions are processed.
The contribution is conditional on approval of the Extension Proposal and funding of the required amount. It would apply to eligible public shares outstanding at the meeting, including shares held by investors who vote for or against the proposal, abstain or later elect to redeem. If the Extension Proposal is not approved, the contribution will not be made.
After the initial extension through November 9, 2026, Globa Terra’s Board of Directors may elect up to eight additional one-month extensions. These extensions could move the business-combination deadline through July 9, 2027.
For each additional month elected by the Board, the sponsor, affiliates or designees would deposit the lesser of $0.04 per remaining, non-redeemed public share or $50,000 in aggregate for the applicable month. These additional payments would benefit public shares that remain outstanding after the extension-related redemption process.
Public shareholders retain redemption rights under Globa Terra’s definitive proxy statement and governing documents. If the Extension Proposal is approved and the initial contribution is funded, shareholders choosing redemption will receive their proportionate share of the trust account, including the applicable initial extension contribution.
The proposed business combination could be delayed or not completed if the Extension Proposal is rejected, required contributions are not funded, financing is not obtained or required approvals are not received. The companies also identified other risks connected with the proposed transaction, including the need to satisfy additional closing requirements.
Globa Terra’s securities trade on Nasdaq under the symbols GTER, GTERU, GTERW and GTERR. The company has urged shareholders to vote for the Extension Proposal and to review its definitive proxy statement for information on voting procedures, redemption rights and associated risks.
Globa Terra and Nature’s Ledger expect to prepare and file or furnish further transaction disclosure documents with the Securities and Exchange Commission and other relevant regulatory authorities. Globa Terra said future updates will be provided through public disclosures.
Globa Terra entered into a definitive agreement with Nature’s Ledger on November 8, 2026, for a proposed business combination.
The transaction would result in a publicly traded company operating under the Nature’s Ledger name and includes an indicated pre-money equity value of approximately $323.8 million, subject to adjustments.
Shareholders are scheduled to vote on the Extension Proposal on November 9, 2026, at 10:00 a.m. Eastern Time.
If approved and funded, the initial trust contribution would be $0.03 for each public share outstanding as of the meeting.
The transaction remains subject to approvals, financing requirements and other closing conditions, and may be delayed or not completed.
Globa Terra Acquisition Corporation announced that it had entered into a definitive Business Combination Agreement dated November 8, 2026, with Nature's Ledger Inc. The proposed business combination remains subject to regulatory approvals, shareholder approvals, financing requirements and other customary closing conditions.
The proposed transaction is intended to result in a publicly traded company operating under the Nature's Ledger name. The agreement provides a transaction framework with an indicated Nature's Ledger pre-money equity value of approximately $323.8 million, subject to adjustments contemplated by the agreement, and a proposed private investment in public equity financing.
Nature's Ledger Inc. operates in carbon markets, environmental attributes and related services. Its activities include the origination, development, verification, aggregation, registration and commercialisation of carbon credits and environmental attributes, as well as related advisory and measurement, reporting and verification services.
Globa Terra Acquisition Corporation's extraordinary general meeting is scheduled for November 9, 2026, at 10:00 a.m. Eastern Time. Shareholders will be asked to approve an amendment extending the Company's business-combination period.
If the Extension Proposal is approved, Globa Terra Acquisition Corporation's sponsor, affiliates or designees will deposit $0.03 for each public share outstanding as of the November 9 shareholder meeting into the trust account within two business days following the meeting and before processing extension-related redemptions. The payment is conditional on approval of the Extension Proposal and funding of the required contribution; if the proposal is not approved, the contribution will not be made.
The initial contribution would benefit all eligible public shares outstanding as of the November 9 meeting, regardless of whether holders voted for or against the proposal, abstained or subsequently elected to redeem their shares. The contribution remains subject to approval of the Extension Proposal and funding.
The Board of Directors may elect up to eight additional one-month extensions after the initial extension through November 9, 2026, potentially extending the business-combination deadline through July 9, 2027. For each additional month elected, the sponsor, affiliates or designees would deposit the lesser of $0.04 per remaining, non-redeemed public share or $50,000 in aggregate for the applicable month.
Yes, public shareholders retain their redemption rights in accordance with Globa Terra Acquisition Corporation's definitive proxy statement and governing documents. If the Extension Proposal is approved and the initial contribution is funded, shareholders electing redemption will receive their proportionate share of the trust account, including the applicable initial extension contribution.
Completion remains subject to regulatory approvals, shareholder approvals, financing requirements and other customary closing conditions. The parties also expect to complete required regulatory filings, shareholder approvals, financing activities and other closing requirements, including a proposed PIPE financing.
The company identifies risks including the Extension Proposal not being approved, required contributions not being funded, financing not being obtained, required approvals not being received, and the proposed business combination being delayed or not completed. The company states that actual results may differ materially from those expressed or implied by its forward-looking statements.
Chief Executive Officer Agustin Tristan Aldave said the definitive agreement represented an important milestone and that the company believed the transaction presented an opportunity to participate in carbon and environmental asset markets. He also said the revised extension proposal was intended to provide an additional trust contribution to eligible public shares while preserving redemption rights, and encouraged shareholders to support the Extension Proposal.
Globa Terra Acquisition Corporation's securities trade on Nasdaq under the symbols GTER, GTERU, GTERW and GTERR.
The parties will continue working towards completion of the proposed transaction, including required regulatory filings, shareholder approvals, financing activities and other closing requirements. Globa Terra Acquisition Corporation said it would provide further updates through appropriate public disclosures and that the parties expect to prepare and file or furnish applicable disclosure documents with the SEC and other relevant regulatory authorities.