Wealthspring Capital LLC acquired a new position in shares of Galata Acquisition Corp. II (NASDAQ:LATA – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 322,119 shares of the company’s stock, valued at approximately $3,195,000.
A number of other hedge funds have also recently bought and sold shares of the company. ABC Arbitrage SA purchased a new position in Galata Acquisition Corp. II during the 4th quarter worth $199,000. Wolverine Asset Management LLC purchased a new position in Galata Acquisition Corp. II during the 4th quarter worth $322,000. Finally, Deltec Asset Management LLC purchased a new position in Galata Acquisition Corp. II during the 4th quarter worth $149,000.
Galata Acquisition Corp. II Trading Up 0.4%
LATA opened at $10.09 on Thursday. The business’s fifty day moving average price is $10.02. Galata Acquisition Corp. II has a 1 year low of $9.91 and a 1 year 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.
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