Galata Acquisition Corp. II (LATA) Form 10-Q — May 14, 2026
Galata Acquisition Corp. II reported net income of $1.37 million for the quarter ended March 31, 2026, driven primarily by $1.53 million in interest income earned on its trust account holdings. The company holds $175.8 million in its trust account and $770,000 in cash outside the trust, with no operating revenue generated as it has not yet completed a business combination.
Key figures
- Net Income
- 1373157
- Total Assets
- 176795407
- Cash Position
- 770377
- Interest Income Trust
- 1532755
- Trust Account Balance
- 175849447
- Warrants Outstanding
- 11050000
- Working Capital Surplus
- 827802
- Class AShares Outstanding
- 17250000
- Class BShares Outstanding
- 5750000
- Deferred Underwriting Fee
- 6037500
- General And Admin Expenses
- 159598
Price after filing
1 day: 0.0%7 days: 0.0%30 days: +0.4%
Close on the filing date to close N calendar days later (from $10.05). Historical, not a forecast.
AI analysis
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