Galata Acquisition Corp. II Reports Net Income of $1.4M for Quarter Ending June 30, 2026

Galata Acquisition Corp. II has reported its financial results for the quarter ending June 30, 2026, revealing a net income of $1,399,542 for the three-month period and $2,772,699 for the six-month period. This marks a significant improvement compared to a net loss of $25,095 during the same period in the previous year, which was primarily attributed to general and administrative expenses. The company generated interest income of $1,556,518 and $3,089,273 for the respective periods from investments held in its Trust Account, which totaled $177,405,965 as of June 30, 2026.

In terms of operational metrics, Galata Acquisition Corp. II has maintained a consistent structure since its inception, with 17,250,000 Class A Ordinary Shares and 5,750,000 Class B Ordinary Shares outstanding. The company has not yet engaged in any business combinations, as it continues to seek suitable acquisition targets primarily in the energy, fintech, real estate, and technology sectors. The company’s cash position outside the Trust Account was reported at $656,117, which is intended to cover operational expenses while pursuing potential business combinations.

The financial performance reflects a strategic focus on managing costs while generating interest income from the Trust Account. General and administrative fees amounted to $156,976 for the three months and $316,574 for the six months ended June 30, 2026, indicating a controlled expenditure approach as the company prepares for its first business combination. The company has also incurred costs related to its Initial Public Offering (IPO), totaling $10,060,403, which includes underwriting fees and other offering costs.

Looking ahead, Galata Acquisition Corp. II has until September 22, 2027, to complete its initial business combination, with the possibility of extending this period subject to shareholder approval. The management has expressed confidence in its ability to identify and secure a suitable target, although it acknowledges the inherent risks associated with early-stage companies. The company’s current liquidity position raises concerns about its ability to sustain operations if it does not complete a business combination within the specified timeframe, highlighting the importance of timely execution in its strategic plans.