Globa Terra faces Nasdaq delisting over missed business combination deadline
Nasdaq initiated delisting proceedings against Globa Terra Acquisition on October 16, 2026, after it missed its business combination deadline. The company plans to appeal by October 23 and seeks to extend the deadline to July 9, 2027.
1. Appeal and deadline
Nasdaq initiated delisting proceedings against Globa Terra Acquisition on October 16, 2026, for missing its business combination deadline. The company intends to request a hearing by 4 p.m. Eastern Time on October 23. A timely appeal would keep its securities listed pending a Nasdaq Hearing Panel decision; without one, trading would be suspended at the opening of business on October 27.
2. Extension sought
The company is seeking to extend its business combination deadline to July 9, 2027, but did not fund an extension under the existing terms.
