Galata Acquisition Corp. II’s (NASDAQ:LATAU) Quiet Period Will End on October 29th

Galata Acquisition Corp. II’s (NASDAQ:LATAU) quiet period is set to end on Wednesday, October 29th. Galata Acquisition Corp. II had issued 15,000,000 shares in its IPO on September 19th. The total size of the offering was $150,000,000 based on an initial share price of $10.00. During the company’s quiet period, insiders and underwriters involved in the IPO are prevented from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Galata Acquisition Corp. II to a “hold” rating in a research note on Sunday, September 28th.

Galata Acquisition Corp. II Price Performance

Shares of LATAU stock opened at $10.09 on Friday. Galata Acquisition Corp. II has a 52-week low of $9.98 and a 52-week high of $10.10.

Institutional Trading of Galata Acquisition Corp. II

An institutional investor recently bought a new position in Galata Acquisition Corp. II stock. Deltec Asset Management LLC purchased a new stake in Galata Acquisition Corp. II (NASDAQ:LATAU) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 15,000 shares of the company’s stock, valued at approximately $150,000.

About Galata Acquisition Corp. II

We are a blank check company incorporated on June 20, 2025 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination.