Galata Acquisition Q1 FY26 net income swings to USD 1.37 million

Galata Acquisition Corp. II Class A

Galata Acquisition Corp. II Class A

LATA

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  • Galata Acquisition Corp. II posted net income of USD 1.37 million for the quarter ended March 31, 2026.
  • Interest income from investments held in the Trust Account totaled USD 1.53 million, offset by general and administrative costs of USD 159,598.
  • Cash used in operating activities was USD 184,208, with USD 175.85 million of investments held in the Trust Account and USD 770,377 of cash held outside the Trust Account at quarter-end.
  • Trust assets consisted of U.S. Treasury Bills with maturities of 185 days or less, with USD 3.35 million of interest income included in the Trust Account balance.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Galata Acquisition Corp. II published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-057000), on May 15, 2026, and is solely responsible for the information contained therein.