Globa Terra Acquisition Corp

Previous wording

For the three months ended March 31, 2026, we had net income of $1,340,806, which consisted of interest income earned on the investments in the Trust account of $1,548,087 partially offset by formation and operating expenses of $207,281.

Current wording

For the three and six months ended June 30, 2026, we had net income of $1,353,655 and $2,694,461 respectively, which consisted of interest income earned on the investments in the Trust account of $1,559,570 and $3,107,657 respectively partially offset by formation and operating expenses of $(205,915) and $(413,196) respectively.

Previous wording

Following the closing of the Initial Public Offering and the Private Placements, a total of $174,995,500 was placed in the Trust Account. We incurred $3,195,665 of transaction costs, consisting of $750,000 of cash underwriting fee, approximately $462,925 of financial advisor expenses and consulting fees and $1,982,740 of other offering costs and expenses.

Current wording

Following the closing of the Initial Public Offering and the Private Placements, a total of $174,995,500 was placed in the Trust Account. We incurred $3,195,665 of transaction costs, consisting of $750,000 of cash underwriting fee, $462,925 of financial advisor expenses and consulting fees and $1,982,740 of other offering costs and expenses.

Previous wording

For the three months ended March 31, 2026, cash used in operating activities was $168,880. Net income of $1,340,806 was affected by interest earned on investments held in the Trust Account of $1,548,087, a decrease of $26,078 due to a change in prepaid expenses and an increase in cash of $64,479 due to a change in accrued expenses.

Current wording

For the six months ended June 30, 2026, cash used in operating activities was $272,779. Net income of $2,694,461 was affected by interest earned on investments held in the Trust Account of $3,107,657, an increase of $22,927 due to a change in prepaid expenses and an increase in cash of $117,490 due to a change in accrued expenses.

Previous wording

For the three months ended March 31, 2026 and March 31, 2025, cash used in investing activities was $0.

Current wording

For the six months ended June 30, 2026 and June 30, 2025, cash used in investing activities was $0.

Previous wording

For the three months ended March 31, 2026, and March 31, 2025, cash used in and provided by financing activities was $10,692, and $137,500 respectively.

Current wording

For the six months ended June 30, 2026, and June 30, 2025, cash used in and provided by financing activities was $(10,690), and $ 298,852 respectively.

Previous wording

As of March 31, 2026, we had cash held in the Trust Account of $179,929,040. We intend to use substantially all of the funds held in the Trust Account, including any amounts representing interest earned on the Trust Account (which interest shall be net of any franchise and income taxes payable and excluding deferred underwriting commissions, if any), to complete our initial business combination. To the extent that our share capital or debt is used, in whole or in part, as consideration to complete our initial business combination, the remaining proceeds held in the trust account will be used as working capital to finance the operations of the target business or businesses, make other acquisitions and pursue our growth strategies.

Current wording

As of June 30, 2026, we had cash held in the Trust Account of $181,488,610. We intend to use substantially all of the funds held in the Trust Account, including any amounts representing interest earned on the Trust Account (which interest shall be net of any franchise and income taxes payable and excluding deferred underwriting commissions, if any), to complete our initial business combination. To the extent that our share capital or debt is used, in whole or in part, as consideration to complete our initial business combination, the remaining proceeds held in the trust account will be used as working capital to finance the operations of the target business or businesses, make other acquisitions and pursue our growth strategies.

Previous wording

As of March 31, 2026, we had cash of $371,555 in our operating bank account. We intend to use the funds held outside the trust account primarily to identify and evaluate target businesses, perform business due diligence on prospective target businesses, travel to and from the offices, plants or similar locations of prospective target businesses or their representatives or owners, review corporate documents and material agreements of prospective target businesses, and structure, negotiate and complete our initial business combination.

Current wording

As of June 30, 2026, we had cash of $267,658 in our operating bank account. We intend to use the funds held outside the trust account primarily to identify and evaluate target businesses, perform business due diligence on prospective target businesses, travel to and from the offices, plants or similar locations of prospective target businesses or their representatives or owners, review corporate documents and material agreements of prospective target businesses, and structure, negotiate and complete our initial business combination.

Previous wording

The underwriters were entitled to a cash underwriting discount of $0.05 per Unit, or $750,000, which was paid upon the closing of the Initial Public Offering.

Current wording

The underwriters were entitled to a cash underwriting discount of $750,000, which was paid upon the closing of the Initial Public Offering.