other_material
confidence high
sentiment neutral
materiality 0.90
Galata Acquisition Corp. II completes $172.5M IPO and private placement
Galata Acquisition Corp. II
- IPO of 17.25M units at $10/unit, generating gross proceeds of $172.5M.
- Underwriters' over-allotment option exercised in full for 2.25M additional units.
- Private placement of 5.3M warrants at $1 each to sponsor and BTIG, gross $5.3M.
- Net proceeds of $172.5M (including deferred underwriting discount) deposited in trust account.
- Balance sheet as of 9/22/25: total assets $174.3M, shareholders' deficit ($4.85M) due to accumulated deficit.
item 8.01item 9.01