Galata Acquisition II, a blank check company formed by Callaway Capital Management, raised $150 million by offering 15 million units at $10.00. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50.
Galata Acquisition II is led by Chairman and CIO Daniel Freifeld, the founder and CIO of alternative asset manager Callaway Capital Management, and CEO Craig Perry, a Managing Director at Callaway. The SPAC plans to target the energy, financial technology, real estate, and technology sectors.
Freifeld was previously involved in SPAC Galata Acquisition, which merged with Turkish micromobility app Marti Technologies (NYSE American: MRT; -77% from $10 offer price) in 2023.
Galata Acquisition II plans to list on the Nasdaq under the symbol LATAU. BTIG acted as sole bookrunner on the deal.
