Globa Terra Acquisition Corporation signed a definitive business combination agreement with Nature's Ledger Inc. The proposed transaction values Nature's Ledger at an indicated pre-money equity value of about US$323.8 million. Globa Terra is a publicly traded special purpose acquisition company.
Transaction details
The agreement provides a framework for a business combination that would result in a public company operating under the Nature's Ledger name. A proposed private investment in public equity financing is part of the transaction. Closing remains subject to regulatory approvals, shareholder approvals, financing requirements, and other customary conditions.
What Nature's Ledger does
Nature's Ledger is based in Alberta. It operates in carbon markets, environmental attributes, and related services. The company focuses on the origination, development, verification, aggregation, registration, and commercialization of carbon credits and environmental attributes.
Extension vote terms
Globa Terra's extraordinary general meeting is scheduled for November 9, 2026. If shareholders approve the extension, the sponsor will deposit US$0.03 per public share into the trust within two business days. The Board may elect up to eight additional one-month extensions through July 9, 2027.
The company is asking shareholders to vote for the extension proposal. Public shareholders retain their redemption rights under the proxy statement. Globa Terra and Nature's Ledger expect to file additional transaction disclosure documents with the SEC.