Shares of Galata Acquisition Corp. II (NASDAQ:LATAW – Get Free Report) shot up 6.7% during mid-day trading on Thursday . The stock traded as high as $0.39 and last traded at $0.3750. Approximately 660 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 14,825 shares. The stock had previously closed at $0.3514.
Galata Acquisition Corp. II Trading Up 6.7%
The business has a 50-day moving average price of $0.35.
Galata Acquisition Corp. II Company Profile
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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