200,000 Shares in Galata Acquisition Corp. II $LATA Acquired by Context Capital Management LLC

Context Capital Management LLC purchased a new position in shares of Galata Acquisition Corp. II (NASDAQ:LATA) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 200,000 shares of the company’s stock, valued at approximately $1,988,000.

Other institutional investors have also made changes to their positions in the company. Condor Capital Management acquired a new stake in shares of Galata Acquisition Corp. II during the fourth quarter worth approximately $140,000. Deltec Asset Management LLC acquired a new stake in shares of Galata Acquisition Corp. II during the fourth quarter worth approximately $149,000. ABC Arbitrage SA acquired a new stake in shares of Galata Acquisition Corp. II during the fourth quarter worth approximately $199,000. Wolverine Asset Management LLC acquired a new stake in shares of Galata Acquisition Corp. II during the fourth quarter worth approximately $322,000. Finally, MMCAP International Inc. SPC acquired a new stake in shares of Galata Acquisition Corp. II during the fourth quarter worth approximately $996,000.

Galata Acquisition Corp. II Price Performance

LATA opened at $10.10 on Friday. Galata Acquisition Corp. II has a fifty-two week low of $9.91 and a fifty-two week high of $10.20. The business’s 50-day moving average price is $10.05.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings assumed 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 equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Galata Acquisition Corp. II 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.