Galata Acquisition Corp. II Announces the Pricing of $150,000,000 Initial Public Offering

Rhea-AI Summary

Galata Acquisition Corp. II (NASDAQ:LATA) has announced the pricing of its $150 million initial public offering, consisting of 15 million units at $10.00 per unit. Each unit includes one Class A ordinary share and one-third of a redeemable warrant.

Trading will commence on September 19, 2025 under the symbol "LATAU" on the Nasdaq Global Market. The company has granted underwriters a 45-day option to purchase up to 2.25 million additional units to cover over-allotments. The SPAC aims to target businesses in the energy, fintech, real estate, and technology sectors.

Positive

• IPO size of $150 million demonstrates significant capital raising capability
• Over-allotment option could increase total proceeds by $22.5 million
• Management team includes experienced leaders from diverse backgrounds
• Strategic focus on high-growth sectors including energy, fintech, and technology

Negative

• No specific target business identified yet
• Investors face uncertainty until business combination is identified
• Capital is locked in trust account until business combination or liquidation

Insights

SPAC Financial Analyst

Galata Acquisition Corp. II prices $150M SPAC IPO at $10/unit with standard 1/3 warrant structure, targeting energy, fintech, real estate, and tech sectors.

Galata Acquisition Corp. II has priced its $150 million SPAC IPO, offering 15 million units at $10.00 per unit with trading set to begin on September 19 under ticker symbol "LATAU". This follows the typical SPAC structure where each unit contains one Class A ordinary share and one-third of a warrant (exercisable at $11.50). The $10.00 per unit will be placed in trust, which represents the standard approach for blank check companies.

The company has identified four target sectors for potential business combinations: energy, fintech, real estate, and technology. This broad targeting strategy gives management flexibility but also indicates they haven't yet narrowed their acquisition focus. The leadership team brings mixed experience, with executives having backgrounds relevant to their target industries.

BTIG is serving as the sole book-running manager, and the underwriters have a 45-day option to purchase up to an additional 2.25 million units to cover potential over-allotments. This represents the standard 15% greenshoe option typically seen in SPAC offerings.

This IPO follows the conventional SPAC blueprint in both structure and size, with the $150 million raise positioning it in the mid-tier of the SPAC market. The ability to successfully price a SPAC in the current market environment suggests there remains investor appetite for these vehicles despite the overall cooling in the SPAC market compared to the 2020-2021 boom period.

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.

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.

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.

BTIG, LLC is acting as sole book-running manager for the offering.

The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from BTIG, LLC, Attention: 65 East 55th Street, New York, New York 10022, or by email at ProspectusDelivery@btig.com, or by accessing the SEC’s website, www.sec.gov.

A registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission (“SEC”) and became effective on September 18, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the expected closing of the proposed initial public offering and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the proceeds of the offering will be used as indicated.

Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the “Risk Factors” section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. Copies of these documents are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Investor Contacts

Galata Acquisition Corp. II
Craig Perry
info@galataspac.com
(202)-866-0901

FAQ

What is the IPO price and structure for Galata Acquisition Corp. II (LATA)?

Galata Acquisition Corp. II is offering 15 million units at $10.00 per unit. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant, with each whole warrant exercisable at $11.50 per share.

When will LATA stock begin trading on Nasdaq?

The units will begin trading on September 19, 2025 under symbol 'LATAU'. Once securities separate, shares and warrants will trade under 'LATA' and 'LATAW' respectively.

What sectors is Galata Acquisition Corp. II (LATA) targeting for acquisition?

The SPAC is targeting businesses in the energy, financial technology (fintech), real estate, and technology sectors.

Who is leading the management team of Galata Acquisition Corp. II?

The management team includes Daniel Freifeld as Chief Investment Officer and Chairman, Craig Perry as CEO, William Weir as President and COO, and Powers Spencer as CFO.

What is the size of the over-allotment option for LATA's IPO?

Underwriters have a 45-day option to purchase up to 2.25 million additional units at the initial public offering price to cover over-allotments.