399,999 Shares in Galata Acquisition Corp. II $LATA Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Galata Acquisition Corp. II (NASDAQ:LATA) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 399,999 shares of the company’s stock, valued at approximately $3,976,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Condor Capital Management acquired a new position in shares of Galata Acquisition Corp. II during the 4th quarter worth about $140,000. Deltec Asset Management LLC acquired a new stake in Galata Acquisition Corp. II in the 4th quarter valued at about $149,000. ABC Arbitrage SA acquired a new stake in Galata Acquisition Corp. II in the 4th quarter valued at about $199,000. Wolverine Asset Management LLC bought a new position in Galata Acquisition Corp. II during the fourth quarter worth about $322,000. Finally, MMCAP International Inc. SPC bought a new position in Galata Acquisition Corp. II during the fourth quarter worth about $996,000.

Analyst Ratings Changes

Separately, Weiss Ratings assumed coverage on Galata Acquisition Corp. II in a research note on Tuesday, May 26th. They issued a “sell (e+)” rating on the stock. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Galata Acquisition Corp. II Price Performance

LATA stock opened at $10.08 on Thursday. Galata Acquisition Corp. II has a one year low of $9.91 and a one year high of $10.20. The stock’s fifty day moving average is $10.04.

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.