Lineage Point Capital LP Takes $746,000 Position in Galata Acquisition Corp. II $LATA

Lineage Point Capital LP bought a new position in Galata Acquisition Corp. II (NASDAQ:LATA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 75,000 shares of the company’s stock, valued at approximately $746,000. Lineage Point Capital LP owned about 0.33% of Galata Acquisition Corp. II as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Condor Capital Management acquired a new stake in Galata Acquisition Corp. II in the fourth quarter worth $140,000. Deltec Asset Management LLC acquired a new position in Galata Acquisition Corp. II during the 4th quarter valued at about $149,000. ABC Arbitrage SA bought a new position in Galata Acquisition Corp. II in the 4th quarter worth approximately $199,000. Royal Bank of Canada bought a new position in shares of Galata Acquisition Corp. II in the fourth quarter worth $225,000. Finally, Virtu Financial LLC bought a new position in Galata Acquisition Corp. II in the 4th quarter valued at about $320,000.

Galata Acquisition Corp. II Price Performance

LATA stock opened at $10.10 on Friday. Galata Acquisition Corp. II has a 12-month low of $9.91 and a 12-month high of $10.20. The business has a 50 day moving average of $10.06.

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 set a “sell (e+)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently 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.