- Business
- Galata Acquisition Corp. II is a blank check company formed in 2025 and headquartered in Nashville, Tennessee. The company specializes in effecting mergers, amalgamations, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations with one or more businesses. It currently focuses on target businesses in the energy, financial technology (fintech), real estate, and technology sectors but may pursue opportunities in any industry or geographic location. Galata Acquisition Corp. II offers units consisting of Class A ordinary shares and redeemable warrants, which are traded on The Nasdaq Global Market under the ticker symbol LATAU, with separate trading of Class A ordinary shares and warrants under the symbols LATA and LATAW respectively. The company completed its initial public offering in September 2025, raising gross proceeds of $172.5 million, including the full exercise of the underwriters' over-allotment option. Galata Acquisition Corp. II is led by a management team including CEO Craig Perry, CFO Powers Spencer, and Chairman Daniel Freifeld, focusing on deploying capital for its intended business combination within a designated timeline. The company's strategic operation revolves around acquiring or merging with promising targets within its stated sectors to generate value for shareholders. The recent major change includes the successful closing of its $172.5 million IPO and commencement of its publicly traded units under Nasdaq listings, positioning it for forthcoming acquisition activities and business combinations in adherence with its blank check company structure. The company does not currently manufacture or sell products but operates as a special purpose acquisition company (SPAC) aiming at strategic acquisitions and business growth through such combinations.