Mint Tower Capital Management B.V. Acquires New Holdings in Galata Acquisition Corp. II $LATA

Mint Tower Capital Management B.V. acquired a new stake in Galata Acquisition Corp. II (NASDAQ:LATA) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 100,000 shares of the company’s stock, valued at approximately $996,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Condor Capital Management bought a new position in Galata Acquisition Corp. II in the 4th quarter valued at approximately $140,000. Deltec Asset Management LLC bought a new position in Galata Acquisition Corp. II in the 4th quarter valued at approximately $149,000. ABC Arbitrage SA bought a new position in Galata Acquisition Corp. II in the 4th quarter valued at approximately $199,000. Wolverine Asset Management LLC bought a new position in Galata Acquisition Corp. II in the fourth quarter valued at about $322,000. Finally, MMCAP International Inc. SPC bought a new position in Galata Acquisition Corp. II in the fourth quarter valued at about $996,000.

Analyst Upgrades and Downgrades

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

Galata Acquisition Corp. II Stock Up 0.1%

LATA stock opened at $10.10 on Friday. The company’s fifty day simple moving average is $10.05. Galata Acquisition Corp. II has a 52-week low of $9.91 and a 52-week high of $10.20.

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.