Radcliffe Capital Management L.P. Buys Shares of 350,000 Galata Acquisition Corp. II $LATA

Radcliffe Capital Management L.P. purchased a new position in Galata Acquisition Corp. II (NASDAQ:LATA) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 350,000 shares of the company’s stock, valued at approximately $3,479,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Condor Capital Management bought a new stake in shares of Galata Acquisition Corp. II during the 4th quarter worth $140,000. Deltec Asset Management LLC purchased a new position in Galata Acquisition Corp. II in the fourth quarter worth $149,000. ABC Arbitrage SA bought a new position in Galata Acquisition Corp. II in the fourth quarter valued at $199,000. Royal Bank of Canada purchased a new stake in Galata Acquisition Corp. II during the fourth quarter valued at about $225,000. Finally, Wolverine Asset Management LLC purchased a new stake in Galata Acquisition Corp. II during the fourth quarter valued at about $322,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings started coverage on Galata Acquisition Corp. II in a 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.com, the stock presently has an average rating of “Sell”.

Galata Acquisition Corp. II Trading Down 0.1%

LATA stock opened at $10.10 on Wednesday. Galata Acquisition Corp. II has a one year low of $9.91 and a one year high of $10.20. The business’s 50 day simple moving average is $10.05.

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.