Galata Acquisition Corp II (NYSE American: LATA) is a blank check special purpose acquisition company (SPAC) that exists to identify and complete a merger or acquisition with one or more private businesses, thereby taking the target public. The company generates no operating revenue. Instead, it holds IPO proceeds in a Trust Account, reported at $166,462,500 as of December 31, 2025 (before redemptions, taxes payable on interest earned, and the Deferred Fee), and deploys that capital upon closing an initial Business Combination. The company was incorporated on June 20, 2025. A deferred underwriting fee of $6,037,500 is payable to underwriters only upon completion of the initial Business Combination. BTIG served as underwriter. The company is headquartered at 818 18th Avenue South and files as a smaller reporting company. Its Class A and Class B Ordinary Shares carry a par value of $0.0001 per share.

Revenue model

No operating revenue. The company holds IPO proceeds in a Trust Account earning interest. Economics for founders derive from Founder Shares (Class B Ordinary Shares) acquired at nominal cost, which convert to Class A Ordinary Shares upon a completed Business Combination. A deferred underwriting fee of $6,037,500 is owed to underwriters at Business Combination close (per 10-K, FY2025).

Products and services

Single-purpose SPAC vehicle. Products consist of Class A Ordinary Shares (public) and Class B Ordinary Shares (Founder Shares), plus Private Placement Warrants. No commercial products or services are offered.

Customers and end markets

Target end market is private companies seeking a public listing via Business Combination. Shareholders are the primary capital providers. No commercial customers disclosed in the FY2025 10-K.

Value-chain role

Acquisition vehicle. Provides a publicly traded shell and trust-held capital to enable a private target company to become publicly listed without a traditional IPO underwriting process.

Geographic exposure

United States domicile, with stated risk factors referencing potential reincorporation in or transfer to foreign jurisdictions. No specific international operating footprint disclosed in the FY2025 10-K.

Source: SEC 10-K, filed 2026-03-27

Industry: Blank Checks