OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires New Position in Galata Acquisition Corp. II $LATA

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Galata Acquisition Corp. II (NASDAQ:LATA) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 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 0.54% of Galata Acquisition Corp. II as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. OMERS ADMINISTRATION Corp acquired a new stake in Galata Acquisition Corp. II in the fourth quarter valued at about $2,988,000. Verition Fund Management LLC acquired a new stake in Galata Acquisition Corp. II in the fourth quarter valued at about $4,485,000. K2 Principal Fund L.P. acquired a new stake in Galata Acquisition Corp. II in the fourth quarter valued at about $996,000. Clear Street Group Inc. acquired a new stake in Galata Acquisition Corp. II in the fourth quarter valued at about $2,653,000. Finally, Context Capital Management LLC acquired a new stake in Galata Acquisition Corp. II in the fourth quarter valued at about $1,988,000.

Galata Acquisition Corp. II Price Performance

LATA stock opened at $10.10 on Tuesday. The firm’s 50 day moving average is $10.05. Galata Acquisition Corp. II has a 12-month low of $9.91 and a 12-month high of $10.20.

Analyst Upgrades and Downgrades

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

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.