Clear Street Group Inc. Buys New Shares in Galata Acquisition Corp. II $LATA

Clear Street Group Inc. bought a new stake in shares of Galata Acquisition Corp. II (NASDAQ:LATA) during the fourth quarter, Holdings Channel reports. The institutional investor bought 266,403 shares of the company’s stock, valued at approximately $2,653,000.

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 valued at $140,000. Deltec Asset Management LLC acquired a new position in shares of Galata Acquisition Corp. II during the 4th quarter valued at $149,000. ABC Arbitrage SA acquired a new position in shares of Galata Acquisition Corp. II during the 4th quarter valued at $199,000. Wolverine Asset Management LLC acquired a new position in shares of Galata Acquisition Corp. II during the 4th quarter valued at $322,000. Finally, MMCAP International Inc. SPC bought a new stake in Galata Acquisition Corp. II during the 4th quarter valued at $996,000.

Analyst Upgrades and Downgrades

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

Galata Acquisition Corp. II Price Performance

Shares of LATA stock opened at $10.10 on Monday. The company’s fifty day simple moving average is $10.05. Galata Acquisition Corp. II has a 12 month low of $9.91 and a 12 month 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.