MMCAP International Inc. SPC Purchases New Position in Galata Acquisition Corp. II $LATA

MMCAP International Inc. SPC purchased a new stake in Galata Acquisition Corp. II (NASDAQ:LATA) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 100,000 shares of the company’s stock, valued at approximately $996,000.

Several other large investors have also made changes to their positions in LATA. Condor Capital Management acquired a new stake in Galata Acquisition Corp. II in the 4th quarter worth approximately $140,000. Wealthspring Capital LLC acquired a new stake in Galata Acquisition Corp. II in the 4th quarter worth approximately $3,195,000. ABC Arbitrage SA acquired a new stake in Galata Acquisition Corp. II in the 4th quarter worth approximately $199,000. Wolverine Asset Management LLC acquired a new stake in Galata Acquisition Corp. II in the 4th quarter worth approximately $322,000. Finally, Deltec Asset Management LLC acquired a new stake in Galata Acquisition Corp. II in the 4th quarter worth approximately $149,000.

Galata Acquisition Corp. II Price Performance

LATA opened at $10.05 on Wednesday. The stock has a 50 day moving average of $10.03. Galata Acquisition Corp. II has a twelve month low of $9.91 and a twelve month 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.