Breaking Down Galata Acquisition Corp. (GLTA) Financial Health: Key Insights for Investors

Galata Acquisition Corp., led by CEO Kemal Kaya, is a blank check vehicle built to execute strategic business combinations that unlock value across technology-enabled financial services in emerging markets, with a mission centered on facilitating mergers, stock exchanges, asset acquisitions and reorganizations while targeting high-growth verticals such as insurance, reinsurance, asset management, retail and investment banking, merchant acquisition & payment processing; Galata Acquisition Corp. II reinforced this strategy in September 2025 when it completed an IPO that raised $172.5 million by offering 17,250,000 units at $10.00 per unit, with the units beginning trading on Nasdaq under the ticker LATAU on September 19, 2025, and the offering proceeds (alongside a private placement of warrants) placed in trust to fuel deals aligned with core values of integrity, innovation, excellence, collaboration and accountability as the company pursues fintech, energy, real estate and technology opportunities in underserved markets

Galata Acquisition Corp. (GLTA) - Intro

• Founding purpose: Sponsor-led SPAC to identify and combine with high-growth financial services businesses in emerging markets.
• Leadership: CEO Kemal Kaya with domain expertise in fintech and financial services.
• Target geographies: Emerging markets with digital financial inclusion tailwinds (e.g., EMEA frontier markets, select APAC & LatAm jurisdictions).

• Integrity - rigorous governance for trust and transparency in SPAC processes.
• Partnership - long-term collaboration with founders and management teams.
• Performance - focus on measurable growth metrics (AUM growth, take rates, revenue per merchant/customer).
• Inclusion - expanding access to financial services across underserved populations.
• Risk-conscious innovation - balancing rapid scale with prudent underwriting, compliance, and capital allocation.

• Insurance & Reinsurance: leveraging data and distribution to scale underwriting in markets with penetration gaps.
• Asset Management: partnering with digital asset managers targeting retail and mass-affluent segments.
• Retail & Investment Banking: digitizing retail banking and wealth channels for emerging-market consumers.
• Merchant Acquisition & Payment Processing: enabling merchant acceptance and payments infrastructure with embedded financial services.

• SPAC timeline: standard 18-24 month combination period (subject to extension/waivers per charter).
• Capital structure emphasis: sponsor warrants and public unit holders; trust account funds available for target transaction financing.
• Value creation levers: roll-over founder equity, revenue multiple arbitrage by public listing, cross-border distribution synergies.
• Risk factors: regulatory complexity in target jurisdictions, FX volatility, credit risk in lending products, and integration execution.

Galata Acquisition Corp. (GLTA) - Overview

• Galata Acquisition Corp. (GLTA) is a blank check company organized for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, or reorganization or engaging in any other similar business combination with one or more businesses or entities.
• This mission reflects the company's commitment to facilitating strategic business combinations that create value for shareholders through targeted acquisitions and growth-oriented partnerships.
• Primary sector focus: technology-enabled financial services in emerging markets, with emphasis on insurance, asset management, and fintech.
• Target objective: leverage technology to expand financial inclusion, increase distribution efficiency, and improve risk management across underbanked regions.

• To become the preferred SPAC sponsor for high-growth, tech-enabled financial services businesses in emerging markets - driving scale, governance, and capital access for platform leaders and category disruptors.
• To accelerate the digital transformation of financial services in markets where structural growth drivers (rising smartphone penetration, regulatory modernization, and growing middle classes) converge.

• Strategic Discipline - rigorous diligence, sector specialization, and measurable KPIs for post-combination value creation.
• Partner-Centricity - alignment with founders and management teams through equity incentives, operational support, and governance best practices.
• Emerging-Market Impact - focus on increasing access to insurance, savings, credit, and investment products in underserved regions.
• Technology-First Approach - prioritize data-driven underwriting, automated distribution, and platform scalability.
• Capital Stewardship - prudent use of SPAC trust capital, disciplined deal structures, and transparent communication with public investors.

• Unbanked/underserved scale: ~1.7 billion adults globally remain without a bank account (World Bank), concentrated largely in emerging markets - a core target for GLTA's strategy.
• Fintech adoption: digital financial services adoption in many emerging markets has recorded double-digit annual growth; mobile-first product distribution significantly reduces customer acquisition costs.
• Insurance & asset management gap: insurance penetration in low- and middle-income countries frequently sits under 5% of GDP, indicating substantial addressable market for tech-enabled insurers and platforms.

• Deal sourcing focused on founder-led fintech/insurtech platforms with unit economics that scale via digital distribution.
• Post-combination playbook: inject capital for growth, implement data-driven underwriting, regional rollouts, and bolt-on acquisitions to consolidate verticals (insurance distribution, asset management platforms, lending rails).
• Operational KPIs emphasized: customer acquisition cost (CAC), lifetime value (LTV), loss ratios (insurance), assets under management (AUM) growth, and monthly active users (MAU).

• Regulatory risk in emerging markets - mitigated via local partnerships, compliance resources, and staged market entry.
• Execution risk for early-stage tech platforms - mitigated through experienced operator selection, board governance, and milestone-based capital deployment.
• Market & liquidity risk for SPAC investors - addressed by transparent communication, conservative balance sheet management, and clear path to profitability for target companies.

Galata Acquisition Corp. (GLTA) - Mission Statement

• Target sectors: energy, fintech, real estate, technology
• Investment focus: growth-stage businesses with clear paths to scalability and margin expansion
• Geo-focus: priority on markets with structural growth opportunities (including emerging markets)
• Value creation tools: capital injection, strategic advisory, operational scaling, and access to public markets

• Identify and back disruptive technology and fintech platforms to capture accelerated adoption and network effects.
• Invest in energy-related businesses that balance growth with the global transition to more efficient and sustainable energy solutions.
• Target real estate assets and proptech innovations that benefit from urbanization, digitization, and new financing models.
• Leverage proprietary deal sourcing and sponsor networks to access differentiated opportunities and accelerated exit pathways.

• Concentrated sector approach increases domain expertise, improving deal sourcing and post-close operational support.
• Fintech and technology exposure positions GLTA to capture returns from secular trends such as digital payments, embedded finance, and cloud-native platforms.
• Energy and real estate allocations diversify risk and provide access to assets with cash-generation profiles that can stabilize portfolio-level volatility.
• By combining sponsor relationships, capital from trust accounts, and public-market exit optionality, GLTA seeks to deliver attractive risk-adjusted returns to public shareholders.

Galata Acquisition Corp. (GLTA) - Vision Statement

• Integrity: Galata operates on a foundation of ethical conduct, transparency, and regulatory compliance.
• Innovation: A commitment to creative financial structuring, operational playbooks, and growth-oriented business models.
• Excellence: Continuous improvement in transaction execution, diligence, and portfolio company performance.
• Collaboration: A partnership mindset with founders, management teams, co-investors, and advisors.
• Accountability: Clear KPIs, board oversight, and performance-based incentives to align stakeholders.

• Integrity → Reporting cadence: quarterly SEC filings, audited trust accounting, and independent auditor reviews.
• Innovation → Deal pipeline metrics: number of proprietary opportunities sourced vs. intermediated; target EBITDA multiple range.
• Excellence → Post-combination targets: operational KPI uplift targets (e.g., revenue growth rates of 20%+ for scale targets).
• Collaboration → Board composition targets: majority independent directors and operating partners with sector expertise.
• Accountability → Incentive structure: earnouts, rollover equity, and performance-based management equity vesting.

• Revenue growth rate targets: 20%-50% CAGR in early-scale tech-enabled businesses
• EBITDA margin improvement: +500-1,500 basis points through operational levers
• Return thresholds for deal approval: modeled IRR targets often in high-single to mid-double digits
• Cash runway post-combination: target >18 months of operating liquidity