Shares of Galata Acquisition Corp. II (NASDAQ:LATAW – Get Free Report) traded down 2.5% during mid-day trading on Thursday . The company traded as low as $0.3750 and last traded at $0.3510. 19,860 shares were traded during trading, an increase of 22% from the average session volume of 16,334 shares. The stock had previously closed at $0.36.
Galata Acquisition Corp. II Trading Down 2.5%
The business’s 50-day moving average is $0.32.
About Galata Acquisition Corp. II
Galata Acquisition Corp. II (NASDAQ: LATAW) is a publicly listed special purpose acquisition company (SPAC). As a blank‑check vehicle, the company’s primary purpose is to identify, negotiate and complete a business combination with one or more operating businesses. Galata Acquisition Corp. II is listed on the NASDAQ and, like other SPACs, operates as an acquisition platform rather than as an operating company that manufactures products or delivers ongoing services.
The company’s activities typically include sourcing potential target companies, performing due diligence, structuring a business combination and obtaining shareholder approval for a proposed transaction.
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