Context Capital Management LLC Takes $1.99 Million Position in Galata Acquisition Corp. II $LATA

Context Capital Management LLC acquired a new stake in shares of Galata Acquisition Corp. II (NASDAQ:LATA) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 200,000 shares of the company’s stock, valued at approximately $1,988,000. Context Capital Management LLC owned approximately 0.87% of Galata Acquisition Corp. II at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Galata Acquisition Corp. II during the 4th quarter valued at about $3,976,000. Periscope Capital Inc. acquired a new position in shares of Galata Acquisition Corp. II in the fourth quarter worth about $4,125,000. Wealthspring Capital LLC acquired a new position in shares of Galata Acquisition Corp. II in the fourth quarter worth about $3,195,000. MMCAP International Inc. SPC purchased a new position in shares of Galata Acquisition Corp. II in the fourth quarter worth approximately $996,000. Finally, Mint Tower Capital Management B.V. acquired a new stake in shares of Galata Acquisition Corp. II during the fourth quarter valued at approximately $996,000.

Galata Acquisition Corp. II Trading Up 0.0%

LATA stock opened at $10.10 on Friday. Galata Acquisition Corp. II has a 52-week low of $9.91 and a 52-week high of $10.20. The company’s 50 day moving average price is $10.05.

Analyst Ratings Changes

Separately, Weiss Ratings initiated coverage on shares of Galata Acquisition Corp. II in a report on Tuesday, May 26th. They set a “sell (e+)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

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.