A Comeback Season for SPACs?
Special-purpose acquisition companies, or SPACs, act as shell entities created for the sole purpose of acquiring a private company and taking it public — sidestepping the traditional IPO route. After facing a post-pandemic downturn, the SPAC market is showing renewed vigor.
So far this year, 71 SPACs have raised more than $14 billion, surpassing the 57 total IPOs in all of 2024, according to SPAC Research. Globa Terra’s launch taps into that fresh wave of investor confidence.
Legal and Structural Backing
Globa Terra is incorporated in the Cayman Islands, with Maples Group advising on related legal matters. The Paul Hastings team, led by partners Gil Savir and Brandon Bortner, with of counsel Ryan Brewer, handled issuer-side legal work.
Freshfields Bruckhaus Deringer, led by partner Paul DeCresce, advised underwriter D. Boral Capital.
As SPACs return to favor and investors chase innovation in essential industries, Globa Terra’s debut could signal the next high-stakes move in sectors tied to sustainability, food security, and water resilience.
