Alberta Investment Management Corp Purchases New Holdings in Galata Acquisition Corp. II $LATA

Alberta Investment Management Corp acquired a new position in Galata Acquisition Corp. II (NASDAQ:LATA) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 725,000 shares of the company’s stock, valued at approximately $7,221,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Condor Capital Management acquired a new stake in Galata Acquisition Corp. II during the 4th quarter valued at $140,000. Deltec Asset Management LLC acquired a new stake in shares of Galata Acquisition Corp. II in the fourth quarter worth $149,000. ABC Arbitrage SA acquired a new stake in shares of Galata Acquisition Corp. II in the fourth quarter worth $199,000. Wolverine Asset Management LLC purchased a new position in shares of Galata Acquisition Corp. II during the fourth quarter valued at $322,000. Finally, K2 Principal Fund L.P. purchased a new position in shares of Galata Acquisition Corp. II during the fourth quarter valued at $996,000.

Galata Acquisition Corp. II Trading Down 0.1%

Galata Acquisition Corp. II stock opened at $10.10 on Wednesday. Galata Acquisition Corp. II has a twelve month low of $9.91 and a twelve month high of $10.20. The company has a 50 day moving average of $10.05.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings began coverage on Galata Acquisition Corp. II in a research note 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 MarketBeat.com, Galata Acquisition Corp. II presently has an average rating of “Sell”.

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.