Galata Acquisition Corp. II (NASDAQ:LATA – Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $0.06 earnings per share (EPS) for the quarter, FiscalAI reports.
Galata Acquisition Corp. II Trading Down 0.1%
NASDAQ:LATA traded down $0.01 during mid-day trading on Thursday, hitting $10.14. 17,917 shares of the company’s stock traded hands, compared to its average volume of 2,296. The business has a 50 day simple moving average of $10.11. Galata Acquisition Corp. II has a 1 year low of $9.91 and a 1 year high of $10.20.
Institutional Trading of Galata Acquisition Corp. II
Several large investors have recently modified their holdings of LATA. Condor Capital Management purchased a new position in shares of Galata Acquisition Corp. II during the 4th quarter worth approximately $140,000. Deltec Asset Management LLC purchased a new stake in Galata Acquisition Corp. II in the 4th quarter valued at approximately $149,000. ABC Arbitrage SA acquired a new stake in Galata Acquisition Corp. II during the 4th quarter valued at $199,000. Royal Bank of Canada acquired a new stake in Galata Acquisition Corp. II during the 4th quarter valued at $225,000. Finally, Virtu Financial LLC purchased a new position in Galata Acquisition Corp. II during the fourth quarter worth $320,000.
Analysts Set New Price Targets
View Our Latest Analysis on Galata Acquisition Corp. II
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.
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