Lineage Point Capital LP Invests $746,000 in Galata Acquisition Corp. II $LATA

Lineage Point Capital LP bought a new stake in Galata Acquisition Corp. II (NASDAQ:LATA) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 75,000 shares of the company’s stock, valued at approximately $746,000.

Several other large investors have also recently added to or reduced their stakes in the company. Adage Capital Partners GP L.L.C. bought a new stake in shares of Galata Acquisition Corp. II in the 4th quarter worth approximately $13,446,000. Picton Mahoney Asset Management acquired a new stake in shares of Galata Acquisition Corp. II in the 4th quarter valued at $9,960,000. Alberta Investment Management Corp bought a new stake in Galata Acquisition Corp. II during the fourth quarter worth about $7,221,000. AQR Arbitrage LLC bought a new stake in Galata Acquisition Corp. II during the 4th quarter worth approximately $6,747,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. bought a new stake in shares of Galata Acquisition Corp. II during the fourth quarter worth $5,976,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings initiated coverage on shares of Galata Acquisition Corp. II in a report on Tuesday, May 26th. They set a “sell (e+)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Galata Acquisition Corp. II Price Performance

Shares of LATA stock opened at $10.10 on Friday. Galata Acquisition Corp. II has a 12-month low of $9.91 and a 12-month high of $10.20. The company has a fifty day moving average price of $10.06.

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.