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Galata Acquisition Corp. II Announces the Pricing of $150,000,000 Initial Public Offering
Nashville, Tennessee, Sept. 18, 2025 (GLOBE NEWSWIRE) -- Galata Acquisition Corp. II (the “Company”) announced today the pricing of its initial public offering of 15,000,000 units at a price of $10.00 per unit. The units will be listed on The Nasdaq Global Market (“Nasdaq”) and begin trading on September 19, 2025, under the ticker symbol “LATAU.” Each unit consists of one Class A ordinary share and one-third of one redeemable warrant, each whole warrant entitling the holder thereof to purchase o
About this update from Galata Acquisition Corp. Ii
[{"type":"text","content":"Nashville, Tennessee, Sept. 18, 2025 (GLOBE NEWSWIRE) -- Galata Acquisition Corp. II (the “Company”) announced today the pricing of its initial public offering of 15,000,000 units at a price of $10.00 per unit. The units will be listed on The Nasdaq Global Market (“Nasdaq”) and begin trading on September 19, 2025, under the ticker symbol “LATAU.” Each unit consists of one Class A ordinary share and one-third of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to certain adjustments. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. An amount equal to $10.00 per unit will be deposited into a trust account upon the closing of the offering. Once the securities constituting the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “LATA” and “LATAW,” respectively. The offering is expected to close on September 22, 2025, subject to customary closing conditions. The Company has granted the underwriters a 45-day option to purchase up to an additional 2,250,000 units at the initial public offering price to cover over-allotments, if any.","length":1271,"tagName":"p"},{"type":"text","content":"The Company is a blank check company 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. The Company may pursue an acquisition opportunity in any business or industry sector or geographical location. The Company currently intends to focus on target businesses in the energy, financial technology (fintech), real estate, and technology sectors.","length":478,"tagName":"p"},{"type":"text","content":"The Company’s management team is led by Daniel Freifeld, its Chief Investment Officer and Chairman of the Board of Directors (the “Board”), Craig Perry, its Chief Executive Officer, William Weir, President and Chief Operating Officer, and Powers Spencer, its Chief Financial Officer. The Board also includes Douglas Lute, Agostina Nieves and Andy Abell.","length":353,"tagName":"p"},{"type":"text","content":"BTIG, LLC is acting as sole book-running manager for the offering.","length":66,"tagName":"p"},{"typ...