Galata Acquisition Corp. II’s Quiet Period To End on October 29th (NASDAQ:LATAU)

Galata Acquisition Corp. II’s (NASDAQ:LATAU) quiet period will end on Wednesday, October 29th. Galata Acquisition Corp. II had issued 15,000,000 shares in its IPO on September 19th. The total size of the offering was $150,000,000 based on an initial share price of $10.00. During Galata Acquisition Corp. II’s quiet period, insiders and any underwriters that worked on the IPO are prevented from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Galata Acquisition Corp. II to a “hold” rating in a research report on Sunday, September 28th.

Galata Acquisition Corp. II Trading Up 0.4%

Shares of LATAU opened at $10.09 on Friday. Galata Acquisition Corp. II has a one year low of $9.98 and a one year high of $10.10.

Institutional Trading of Galata Acquisition Corp. II

An institutional investor recently bought a new position in Galata Acquisition Corp. II stock. Calamos Advisors LLC bought a new position in Galata Acquisition Corp. II (NASDAQ:LATAU) in the third quarter, according to its most recent disclosure with the SEC. The firm bought 100,000 shares of the company’s stock, valued at approximately $998,000.

Galata Acquisition Corp. II Company Profile

We are a blank check company incorporated on June 20, 2025 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination.