Galata Acquisition closed its IPO of 12.5 million units priced at $10 each.
Units list on the NYSE under GLTA.U. Each consists of one Class A ordinary share and one-half of one redeemable warrant. Once the securities comprising the units begin separate trading, shares and warrants will list under GLTA and GLTA WS.
The new SPAC plans to focus on technology-enabled financial services businesses in emerging markets, especially companies engaged in insurance, reinsurance and insurance services, asset management, retail or investment banking, and merchant acquisition and payment processing. Read more.
