Wealthspring Capital LLC Makes New $3.20 Million Investment in Galata Acquisition Corp. II $LATA

Wealthspring Capital LLC purchased a new position in shares of Galata Acquisition Corp. II (NASDAQ:LATA) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 322,119 shares of the company’s stock, valued at approximately $3,195,000. Wealthspring Capital LLC owned about 1.40% of Galata Acquisition Corp. II as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in LATA. Deltec Asset Management LLC bought a new stake in shares of Galata Acquisition Corp. II in the 4th quarter valued at $149,000. ABC Arbitrage SA bought a new stake in shares of Galata Acquisition Corp. II in the 4th quarter valued at $199,000. Finally, Wolverine Asset Management LLC bought a new stake in shares of Galata Acquisition Corp. II in the 4th quarter valued at $322,000.

Galata Acquisition Corp. II Price Performance

NASDAQ:LATA opened at $10.09 on Thursday. The company has a fifty day moving average of $10.02. Galata Acquisition Corp. II has a twelve month low of $9.91 and a twelve month high of $10.20.

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.