Galata Acquisition Corp. II (NASDAQ:LATAW – Get Free Report) shares were down 8.7% during trading on Wednesday . The stock traded as low as $0.2101 and last traded at $0.2101. Approximately 128 shares traded hands during trading, a decline of 99% from the average daily volume of 16,697 shares. The stock had previously closed at $0.23.
Galata Acquisition Corp. II Price Performance
The business’s 50-day moving average price is $0.28 and its two-hundred day moving average price is $0.32.
About Galata Acquisition Corp. II
Galata Acquisition Corp. II (NASDAQ: LATAW) is a publicly listed special purpose acquisition company (SPAC). As a blank‑check vehicle, the company’s primary purpose is to identify, negotiate and complete a business combination with one or more operating businesses. Galata Acquisition Corp. II is listed on the NASDAQ and, like other SPACs, operates as an acquisition platform rather than as an operating company that manufactures products or delivers ongoing services.
The company’s activities typically include sourcing potential target companies, performing due diligence, structuring a business combination and obtaining shareholder approval for a proposed transaction.
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