Galata Acquisition Corp. II

LATAW

$0.23

+8.73%

2026-09-04 10:02:44 EDT+$0.00

Financial Services

Shell Companies

NASDAQ

Active Trading

Formed in 2025, Galata Acquisition Corp. II operates from its headquarters in Nashville, Tennessee. The company's primary objective is to execute a ...

CEO Profile of LATAW

Craig William Perry

Galata Acquisition Corp. II

Age 46Tenure 1yKey-man risk: Medium

Craig Perry operates as the CEO of a SPAC, where performance is measured by the quality of the eventually acquired business rather than current operational metrics. Investors should evaluate him...

Key Risk

•Inability to find a suitable acquisition target

•Regulatory changes affecting SPAC structures

Key Tailwind

•Sponsorship by an established alternative asset management firm

•Flexibility to target high-growth private businesses

Craig William Perry

Galata Acquisition Corp. II (LATAW) · NASDAQ

Age 46Tenure 1 yearsNon-founder CEOKey-man risk: Medium

Origin Story

Craig Perry, a Managing Director at Callaway Capital Management, took the helm of Galata Acquisition Corp. II in June 2025 as part of the SPAC's management team.

Path to CEO: Craig Perry serves as the CEO of Galata Acquisition Corp. II, a blank check company sponsored by Callaway Capital Management under the leadership of Chairman and CIO Daniel Freifeld.

Original Vision: To effect a merger, amalgamation, share exchange, asset acquisition, or similar business combination.

Craig Perry was appointed CEO of Galata Acquisition Corp. II on June 20, 2025. He is a Managing Director at Callaway Capital Management, the firm sponsoring the SPAC, and works alongside Chairman and CIO Daniel Freifeld to identify and execute a target acquisition.

spacfinancial-servicescallaway-capital

Investment Take

Craig Perry operates as the CEO of a SPAC, where performance is measured by the quality of the eventually acquired business rather than current operational metrics. Investors should evaluate him...

Key Tailwinds

Sponsorship by an established alternative asset management firm

Flexibility to target high-growth private businesses

Key Risks

Inability to find a suitable acquisition target

Regulatory changes affecting SPAC structures

Career History

Craig Perry is a finance professional and Managing Director at Callaway Capital Management.

Callaway Capital Management

Initiative: Managing Director

Period: Not specified

Event: Key executive responsible for the firm's SPAC activities.

Galata Acquisition Corp. II

Initiative: CEO

Period: 2025–Present

Event: Leading the SPAC to seek a target acquisition.

financeinvestment-management

Company Performance

The company operates as a blank check vehicle currently in the search phase for an acquisition target.

Revenue: As a SPAC, it does not have significant operating revenue; 1Q 2026 reported net income was $1.37 million, primarily investment/interest-related.

Profitability: Not applicable as a pre-merger SPAC.

Stock: The stock trades near its IPO/redemption value, characteristic of a pre-merger SPAC.

•Successful formation and management of the SPAC structure.

•None notable; currently in the standard search phase.

blank-checkspac

Management Ability

Operating within the standard parameters of a SPAC management team backed by an established investment firm.

Style: Operator within an investment-firm-led team.

As CEO, Perry works in coordination with the sponsor, Callaway Capital Management, to conduct due diligence and source potential merger targets. His role is heavily focused on capital stewardship and acquisition strategy rather than operational management of a legacy business.

spac-managementstrategic-finance

Capital Allocation

Primarily focused on preserving capital until an acquisition target is identified and secured.

Focus on maintaining the trust account value for potential future transaction viability.

As a SPAC, the primary capital allocation activity is the maintenance of the trust account and the sourcing of a target business, balancing liquidity needs with the objective of executing a viable business combination.

capital-stewardshipspac-governance

Fundraising & Financing

The company completed its IPO process and manages capital through its sponsor-backed structure.

IPO · Not explicitly detailed in search, typical of $150M+ range SPAC filings.: Successful listing and management of the trust.

Dilution: Standard SPAC structure involving sponsor shares and warrants.

Perry oversees the SPAC's capital structure, including the management of common shares and warrants, ensuring alignment with Callaway Capital Management's sponsor interests during the search period.

spac-financingequity-capital

Governance & Control

Operates under a standard SPAC structure with sponsor influence through class B shares.

Dual-class Shares: Yes

Share Class Detail: Class B shares held by the sponsor typically provide voting control over governance matters.

The governance structure is typical for a SPAC, with the sponsor holding significant influence over business combination approvals and fundamental board-level decisions.

sponsor-controlgovernance

Health & Succession

No specific risk indicators.

Health Status: no public concerns

Key-man Risk: Medium

Standard key-man risk associated with the small, specialized management team of a SPAC.

key-man-risk

R&D & Tech Vision

Not applicable as a pre-acquisition shell company.

None.

As a blank check company, the 'technology' or 'product' vision is entirely dependent on the future target business that the team acquires.

non-applicable

Talent Recruitment

Focused on maintaining a specialized investment team rather than broad recruitment.

Small, specialized team in alignment with Callaway Capital Management.

The management team is defined by its core leadership: Craig Perry as CEO and Daniel Freifeld as Chairman/CIO, leveraging their experience in alternative asset management.

specialized-team

Strengths

Expertise in financial structures and SPAC governance.

Capital Structure: Deep understanding of SPAC formation and management mechanics.

financegovernance

Weaknesses & Failures

Limited operational history within the public markets as a CEO of an operating company.

Operating Experience

Has not led a traditional operating company post-merger as of current status.

operating-experience

Marketing & Brand

Minimal brand marketing activities, consistent with a specialized SPAC vehicle.

The company engages with the investment community primarily through SEC filings and regulatory disclosures to communicate progress on target search and compliance.

investor-relations

PR & Communication

Communication is standard for a publicly listed SPAC, focused on regulatory and filing compliance.

Media Reputation: low profile

The management team communicates through required financial filings and occasional press releases regarding governance updates and status of the acquisition search.

regulatory-compliancefinancial-communication

Supply Chain of LATAW

Upstream / Downstream / Proxies

Proxies

Callaway Capital Management, LLCUnconfirmedU.S. BancorpNYSE:USBMarti Technologies Inc.NYSEAM:MRT

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