Shares of Galata Acquisition Corp. II (NASDAQ:LATA – Get Free Report) rose 0.2% during mid-day trading on Friday . The company traded as high as $10.07 and last traded at $10.07. Approximately 5,601 shares changed hands during trading, a decline of 92% from the average daily volume of 70,910 shares. The stock had previously closed at $10.05.
Galata Acquisition Corp. II Trading Up 0.2%
The stock’s fifty day moving average price is $10.01.
Institutional Investors Weigh In On Galata Acquisition Corp. II
A number of hedge funds have recently bought and sold shares of the company. Condor Capital Management bought a new stake in shares of Galata Acquisition Corp. II in the fourth quarter valued at about $140,000. Deltec Asset Management LLC bought a new stake in shares of Galata Acquisition Corp. II in the fourth quarter valued at about $149,000. ABC Arbitrage SA bought a new stake in shares of Galata Acquisition Corp. II in the fourth quarter valued at about $199,000. Royal Bank of Canada bought a new stake in shares of Galata Acquisition Corp. II in the fourth quarter valued at about $225,000. Finally, Virtu Financial LLC bought a new stake in shares of Galata Acquisition Corp. II in the fourth quarter valued at about $320,000.
Galata Acquisition Corp. II Company Profile
Galata Acquisition Corp. II (NASDAQ: LATA) is a special purpose acquisition company (SPAC), also known as a blank‑check company, formed to effect mergers, share exchanges, asset acquisitions, stock purchases, reorganizations or similar business combinations with one or more businesses. As a publicly traded acquisition vehicle, the company raises capital through an initial public offering and holds proceeds in trust while seeking an operating company to combine with and take public through the SPAC structure.
The firm’s primary activities are identifying and evaluating potential targets, negotiating definitive agreements for business combinations, and completing the required shareholder approvals and regulatory filings to consummate transactions.
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