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AI brief of an SEC Form 8-K · Galata Acquisition Corp. II (LATA)

Galata Acquisition Corp. II closes $172.5 million IPO of 17.25 million units

Neutral Impact 4 of 5 financing Written later

Galata Acquisition Corp. II, a blank check company, closed its initial public offering of 17,250,000 units on September 22, 2025, for gross proceeds of $172.5 million, including the full exercise of the underwriters' over-allotment option. The full $172.5 million was placed in a U.S.-based trust account, which holds the funds until a business combination is completed or the company redeems public shares if it does not complete one within 24 months of the IPO closing, so shareholders' capital is held in trust pending a deal.

Key points

  • 17,250,000 units sold at $10.00 per unit, for gross proceeds of $172.5 million, including 2,250,000 units from the over-allotment option
  • Private placement of 5,300,000 warrants at $1.00 each, for $5.3 million, sold to the sponsor and BTIG
  • Trust account holds $172.5 million; funds are released only on a business combination, or on redemption if no deal is completed within 24 months
  • Daniel Freifeld named Chairman; Douglas Lute, Agostina Nieves and Andy Abell appointed independent directors on September 18, 2025

The filing

CompanyGalata Acquisition Corp. II (LATA)
Form8-K, current report
Filed with the SECSep 24, 2025, 4:05 PM ET
Accession number0001213900-25-091113

Items reported: 1.01 Material Definitive Agreement3.02 Unregistered Equity Sale5.02 Director / Officer Change5.03 Bylaw / Charter Amendment8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 24, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.