MMCAP International Inc. SPC Buys Shares of 100,000 Galata Acquisition Corp. II $LATA

MMCAP International Inc. SPC bought a new stake in shares of Galata Acquisition Corp. II (NASDAQ:LATA) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 100,000 shares of the company’s stock, valued at approximately $996,000. MMCAP International Inc. SPC owned approximately 0.43% of Galata Acquisition Corp. II at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Condor Capital Management purchased a new position in Galata Acquisition Corp. II during the 4th quarter valued at about $140,000. Deltec Asset Management LLC purchased a new position in Galata Acquisition Corp. II during the 4th quarter valued at about $149,000. ABC Arbitrage SA purchased a new position in Galata Acquisition Corp. II during the 4th quarter valued at about $199,000. Wolverine Asset Management LLC purchased a new position in Galata Acquisition Corp. II during the 4th quarter valued at about $322,000. Finally, Wealthspring Capital LLC purchased a new position in Galata Acquisition Corp. II during the 4th quarter valued at about $3,195,000.

Galata Acquisition Corp. II Stock Performance

NASDAQ:LATA opened at $10.05 on Wednesday. Galata Acquisition Corp. II has a fifty-two week low of $9.91 and a fifty-two week high of $10.20. The firm’s 50-day simple moving average is $10.03.

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.