Mint Tower Capital Management B.V. Takes $996,000 Position in Galata Acquisition Corp. II $LATA

Mint Tower Capital Management B.V. bought a new stake in shares of Galata Acquisition Corp. II (NASDAQ:LATA) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 100,000 shares of the company’s stock, valued at approximately $996,000. Mint Tower Capital Management B.V. owned 0.43% of Galata Acquisition Corp. II as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Galata Acquisition Corp. II during the 4th quarter valued at $3,976,000. Wealthspring Capital LLC bought a new stake in shares of Galata Acquisition Corp. II during the 4th quarter worth approximately $3,195,000. Periscope Capital Inc. bought a new stake in shares of Galata Acquisition Corp. II during the 4th quarter worth approximately $4,125,000. MMCAP International Inc. SPC bought a new stake in shares of Galata Acquisition Corp. II during the 4th quarter worth approximately $996,000. Finally, Picton Mahoney Asset Management bought a new stake in shares of Galata Acquisition Corp. II during the 4th quarter worth approximately $9,960,000.

Galata Acquisition Corp. II Stock Up 0.1%

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

Analyst Ratings Changes

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

Galata Acquisition Corp. II 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.