Galata Acquisition Corp. II’s Quiet Period Set To End on October 29th (NASDAQ:LATAU)

Galata Acquisition Corp. II’s (NASDAQ:LATAU) quiet period is set to end on Wednesday, October 29th. Galata Acquisition Corp. II had issued 15,000,000 shares in its IPO on September 19th. The total size of the offering was $150,000,000 based on an initial share price of $10.00. During the company’s quiet period, insiders and underwriters involved in the IPO are restricted from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Galata Acquisition Corp. II to a “hold” rating in a report on Sunday, September 28th.

Galata Acquisition Corp. II Stock Down 0.1%

Shares of NASDAQ:LATAU opened at $10.04 on Wednesday. Galata Acquisition Corp. II has a 1 year low of $9.98 and a 1 year high of $10.10.

Institutional Investors Weigh In On Galata Acquisition Corp. II

A hedge fund recently bought a new stake in Galata Acquisition Corp. II stock. Calamos Advisors LLC acquired a new position in Galata Acquisition Corp. II (NASDAQ:LATAU) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 100,000 shares of the company’s stock, valued at approximately $998,000.

Galata Acquisition Corp. II Company Profile

We are a blank check company incorporated on June 20, 2025 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination.