K2 Principal Fund L.P. Takes $996,000 Position in Galata Acquisition Corp. II $LATA

K2 Principal Fund L.P. acquired a new position in Galata Acquisition Corp. II (NASDAQ:LATA) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 100,000 shares of the company’s stock, valued at approximately $996,000. K2 Principal Fund L.P. owned 0.43% of Galata Acquisition Corp. II at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Galata Acquisition Corp. II in the 4th quarter valued at approximately $3,976,000. Wealthspring Capital LLC bought a new stake in shares of Galata Acquisition Corp. II during the 4th quarter valued at $3,195,000. Periscope Capital Inc. purchased a new stake in Galata Acquisition Corp. II during the 4th quarter worth about $4,125,000. Context Capital Management LLC purchased a new position in Galata Acquisition Corp. II during the 4th quarter valued at about $1,988,000. Finally, MMCAP International Inc. SPC purchased a new position in Galata Acquisition Corp. II during the 4th quarter valued at about $996,000.

Analyst Ratings Changes

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

Galata Acquisition Corp. II Stock Up 0.0%

LATA opened at $10.10 on Friday. The firm’s fifty day moving average price is $10.05. Galata Acquisition Corp. II has a one year low of $9.91 and a one year high of $10.20.

About Galata Acquisition Corp. II

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.