Shares of Galata Acquisition Corp. II (NASDAQ:LATAW – Get Free Report) dropped 14.3% on Wednesday . The company traded as low as $0.30 and last traded at $0.30. Approximately 5,000 shares were traded during trading, a decline of 71% from the average daily volume of 16,952 shares. The stock had previously closed at $0.35.
Galata Acquisition Corp. II Stock Down 14.3%
The company’s 50 day simple moving average is $0.34.
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.
Read More
Receive News & Ratings for Galata Acquisition Corp. II Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Galata Acquisition Corp. II and related companies with MarketBeat.com's FREE daily email newsletter.
