Galata Acquisition Corp. II (LATAW) Warrant
Each LATAW warrant gives the holder the right to buy 1 share of Galata Acquisition Corp. II at $11.50 per share, for five years after the company completes its merger. The stock last closed at $10.21, below the strike, so the warrant is out of the money. Galata Acquisition Corp. II has a market value of about $234.83M. Galata Acquisition Corp. II is a SPAC (no deal announced yet). It must complete a deal by September 22, 2027 or the warrants expire worthless. There are 5.75M listed warrants; exercising all of them would add 25.0% to the 23.00M shares outstanding.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- merger + 5 years
- Redemption trigger
- $18.00
- Cashless exercise
- no
- Break-even stock price
- $11.71
From the issuer's S-1/A (2025-09-12).
Company and stock
- Company
- Galata Acquisition Corp. II
- Underlying stock
- LATA
- Share price
- $10.21
- Market cap
- $234.83M
- Shares outstanding
- 23.00M
- Range since Nov 2025
- $9.92 – $10.21
- Change since Nov 2025
- +1%
- Value of all listed warrants
- $1.24M (0.5% of market cap)
- Industry
- Blank check company (SPAC)
- Head office
- Nashville, TN
- Incorporated in
- Cayman Islands
Market cap is the last share price times shares outstanding (as of 10-Q 2026-). Industry and head office are as the company reports them to the SEC. All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $0.2150
- Price / model
Pro will show whether LATAW is cheap or rich against our model. It is not open yet. Leave your email to hear when it is.
Dilution
- Shares outstanding
- 23.00M
- Listed warrants
- 5.75M
- Dilution if all exercised
- 25.0%
Warrant count from filing iXBRL: PublicWarrantsMember.
SPAC deal
- Status
- no deal announced yet
- Target
- —
- Deal announced
- —
- Deadline
- 2027-09-22
- Latest possible deadline
- 2027-09-22
- Trust per share
- $10.28
- Sponsor
- Galata Acquisition Sponsor II LLC
- Sponsor's earlier SPACs
- 1 (0 closed a deal)
- Chance of a deal
A SPAC warrant is worth nothing if no deal closes by the deadline.
Filings and events
Questions about LATAW
When does the LATAW warrant expire?
Five years after the SPAC completes its merger; if no merger closes by the deadline, the warrants expire worthless.
What is the strike price of LATAW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many LATAW warrants are outstanding?
5.75M listed warrants, equal to 25.0% dilution if all are exercised.
Related warrants
Get an email when alerts for LATAW open
Alerts and Pro are not open yet. Leave your email and we will tell you when you can follow LATAW.