OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys Shares of 125,000 Galata Acquisition Corp. II $LATA

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Galata Acquisition Corp. II (NASDAQ:LATA) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 125,000 shares of the company’s stock, valued at approximately $1,245,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.54% of Galata Acquisition Corp. II as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Adage Capital Partners GP L.L.C. bought a new stake in shares of Galata Acquisition Corp. II in the fourth quarter worth $13,446,000. Picton Mahoney Asset Management bought a new position in Galata Acquisition Corp. II in the fourth quarter valued at $9,960,000. Alberta Investment Management Corp bought a new position in Galata Acquisition Corp. II in the fourth quarter valued at $7,221,000. AQR Arbitrage LLC acquired a new stake in Galata Acquisition Corp. II in the 4th quarter valued at $6,747,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new stake in Galata Acquisition Corp. II in the 4th quarter valued at $5,976,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings started coverage on shares of Galata Acquisition Corp. II in a research report on Tuesday, May 26th. They set a “sell (e+)” rating on the stock. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Galata Acquisition Corp. II Price Performance

Shares of NASDAQ:LATA opened at $10.10 on Friday. Galata Acquisition Corp. II has a 52-week low of $9.91 and a 52-week high of $10.20. The firm has a 50-day moving average price of $10.06.

About Galata Acquisition Corp. II

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.