Commonwealth of Pennsylvania Public School Empls Retrmt SYS Invests $3.98 Million in Galata Acquisition Corp. II $LATA

Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Galata Acquisition Corp. II (NASDAQ:LATA) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 399,999 shares of the company’s stock, valued at approximately $3,976,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 1.74% of Galata Acquisition Corp. II as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Wealthspring Capital LLC acquired a new position in Galata Acquisition Corp. II during the 4th quarter worth approximately $3,195,000. MMCAP International Inc. SPC acquired a new stake in shares of Galata Acquisition Corp. II in the fourth quarter valued at approximately $996,000. Wolverine Asset Management LLC acquired a new stake in shares of Galata Acquisition Corp. II in the fourth quarter valued at approximately $322,000. ABC Arbitrage SA bought a new stake in shares of Galata Acquisition Corp. II in the fourth quarter worth $199,000. Finally, Deltec Asset Management LLC acquired a new position in Galata Acquisition Corp. II during the fourth quarter worth $149,000.

Analysts Set New Price Targets

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

Galata Acquisition Corp. II Stock Performance

LATA opened at $10.08 on Thursday. The stock’s 50-day moving average is $10.04. Galata Acquisition Corp. II has a 52-week low of $9.91 and a 52-week 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.