350,000 Shares in Galata Acquisition Corp. II $LATA Purchased by Radcliffe Capital Management L.P.

Radcliffe Capital Management L.P. bought a new position in Galata Acquisition Corp. II (NASDAQ:LATA) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 350,000 shares of the company’s stock, valued at approximately $3,479,000. Radcliffe Capital Management L.P. owned 1.52% of Galata Acquisition Corp. II as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in LATA. Condor Capital Management bought a new stake in shares of Galata Acquisition Corp. II during the fourth quarter valued at about $140,000. Deltec Asset Management LLC bought a new position in shares of Galata Acquisition Corp. II in the fourth quarter valued at approximately $149,000. ABC Arbitrage SA purchased a new position in Galata Acquisition Corp. II during the fourth quarter valued at approximately $199,000. Royal Bank of Canada purchased a new position in Galata Acquisition Corp. II during the fourth quarter valued at approximately $225,000. Finally, Wolverine Asset Management LLC bought a new stake in Galata Acquisition Corp. II during the 4th quarter worth approximately $322,000.

Galata Acquisition Corp. II Price Performance

Galata Acquisition Corp. II stock opened at $10.10 on Wednesday. Galata Acquisition Corp. II has a 52 week low of $9.91 and a 52 week high of $10.20. The business’s 50-day simple moving average is $10.05.

Analysts Set New Price Targets

Separately, Weiss Ratings began coverage on shares of Galata Acquisition Corp. II in a research note on Tuesday, May 26th. They issued a “sell (e+)” rating on the stock. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Galata Acquisition Corp. II presently has a consensus rating of “Sell”.

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.