Glenalta is engaged in the financial industry. The Company is a special purpose acquisition company, that raises funds to acquire and/or reverse merge with one or more unlisted operating companies. Glenalta intends to consummate a business combination with an Italian medium-sized privately held company focused on the Food & Beverage, Consumer and Retail sectors, that require additional resources to continue to support their growth and development in order also to strengthen or integrate complementary businesses and facilitate particularly the international development.