10-Q Filing

Galata Acquisition Corp. II CIK: 2076427 Q3 2025

Filing Information

Form Type	10-Q
Accession Number	`0001213900-25-110013`
Period End Date	20250930
Filing Date	20251113
Fiscal Year	2025
Fiscal Period	Q3
XBRL Instance	ea0264881-10q_galata2_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 10 Cash Flow Statement 54 Stockholders Equity 24

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Preferred shares, par value per share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred shares, par value per share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred shares, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred shares, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.10M	USD	Point-in-time
Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.10M	USD	Point-in-time
Preferred shares, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred shares, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Prepaid expenses	`OtherPrepaidExpenseCurrent`	$21.31K	USD	Point-in-time
Prepaid expenses	`OtherPrepaidExpenseCurrent`	$21.31K	USD	Point-in-time
Preferred shares, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred shares, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Prepaid insurance	`PrepaidInsurance`	$70.28K	USD	Point-in-time
Prepaid insurance	`PrepaidInsurance`	$70.28K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.19M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.19M	USD	Point-in-time
Long term prepaid insurance	`PrepaidExpenseNoncurrent`	$68.13K	USD	Point-in-time
Long term prepaid insurance	`PrepaidExpenseNoncurrent`	$68.13K	USD	Point-in-time
Marketable securities held in Trust Account	`MarketableSecuritiesNoncurrent`	$172.65M	USD	Point-in-time
Marketable securities held in Trust Account	`MarketableSecuritiesNoncurrent`	$172.65M	USD	Point-in-time
Total Assets	`Assets`	$173.91M	USD	Point-in-time
Total Assets	`Assets`	$173.91M	USD	Point-in-time
Ordinary shares, shares issued	`CommonStockSharesIssued`	60,000.00	shares	Point-in-time
Ordinary shares, shares issued	`CommonStockSharesIssued`	60,000.00	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$13.43K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$13.43K	USD	Point-in-time
Accrued offering costs	`AccruedOfferingExpensesCurrent`	$75.00K	USD	Point-in-time
Accrued offering costs	`AccruedOfferingExpensesCurrent`	$75.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$88.43K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$88.43K	USD	Point-in-time
Deferred underwriting fee	`DeferredUnderwritingFee`	$6.04M	USD	Point-in-time
Deferred underwriting fee	`DeferredUnderwritingFee`	$6.04M	USD	Point-in-time
Total Liabilities	`Liabilities`	$6.13M	USD	Point-in-time
Total Liabilities	`Liabilities`	$6.13M	USD	Point-in-time
Commitments and Contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Class A Ordinary Shares subject to possible redemption, $0.0001 par value; 17,250,000 shares at redemption value of $10.01 per share	`TemporaryEquityCarryingAmountAttributableToParent`	$172.65M	USD	Point-in-time
Class A Ordinary Shares subject to possible redemption, $0.0001 par value; 17,250,000 shares at redemption value of $10.01 per share	`TemporaryEquityCarryingAmountAttributableToParent`	$172.65M	USD	Point-in-time
Preferred shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.87M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.87M	USD	Point-in-time
Total Shareholders Deficit	`StockholdersEquity`	$-95.00	USD	Point-in-time
Total Shareholders Deficit	`StockholdersEquity`	$-95.00	USD	Point-in-time
Total Shareholders Deficit	`StockholdersEquity`	$-4.87M	USD	Point-in-time
Total Shareholders Deficit	`StockholdersEquity`	$-4.87M	USD	Point-in-time
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and Shareholders Deficit	`LiabilitiesAndStockholdersEquity`	$173.91M	USD	Point-in-time
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and Shareholders Deficit	`LiabilitiesAndStockholdersEquity`	$173.91M	USD	Point-in-time

Income Statement 10 line items

Line Item	Tag	Value	Unit	Period
Operating and formation costs	`OperatingCostsAndExpenses`	$107.58K	USD	1 Quarter
Operating and formation costs	`OperatingCostsAndExpenses`	$107.58K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-107.58K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-107.58K	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$151.16K	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$151.16K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-25.09K	USD	Point-in-time
Net income	`NetIncomeLoss`	$-25.09K	USD	Point-in-time
Net income	`NetIncomeLoss`	$43.59K	USD	1 Quarter
Net income	`NetIncomeLoss`	$43.59K	USD	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$-25.09K	USD	Point-in-time
Net income	`NetIncomeLoss`	$-25.09K	USD	Point-in-time
Net income	`NetIncomeLoss`	$43.59K	USD	1 Quarter
Net income	`NetIncomeLoss`	$43.59K	USD	1 Quarter
Formation costs paid by Sponsor in exchange for issuance of Class B Ordinary Shares	`FormationCostsPaidBySponsorInExchangeForIssuanceOfClassBOrdinaryShares`	$14.68K	USD	1 Quarter
Formation costs paid by Sponsor in exchange for issuance of Class B Ordinary Shares	`FormationCostsPaidBySponsorInExchangeForIssuanceOfClassBOrdinaryShares`	$14.68K	USD	1 Quarter
Payment of general and administrative costs through IPO Promissory Note related party	`GeneralAndAdministrativeExpense`	$42.18K	USD	1 Quarter
Payment of general and administrative costs through IPO Promissory Note related party	`GeneralAndAdministrativeExpense`	$42.18K	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$151.16K	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$151.16K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpensesOther`	$21.31K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpensesOther`	$21.31K	USD	1 Quarter
Prepaid insurance	`IncreaseDecreaseInPrepaidInsurance`	$70.28K	USD	1 Quarter
Prepaid insurance	`IncreaseDecreaseInPrepaidInsurance`	$70.28K	USD	1 Quarter
Long-term prepaid insurance	`IncreaseDecreaseInPrepaidInsuranceNoncurrent`	$68.13K	USD	1 Quarter
Long-term prepaid insurance	`IncreaseDecreaseInPrepaidInsuranceNoncurrent`	$68.13K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$13.43K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$13.43K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-222.12K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-222.12K	USD	1 Quarter
Investment of cash into Trust Account	`PaymentsToAcquireInvestments`	$172.50M	USD	1 Quarter
Investment of cash into Trust Account	`PaymentsToAcquireInvestments`	$172.50M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-172.50M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-172.50M	USD	1 Quarter
Proceeds from sale of Units, net of underwriting discounts paid	`ProceedsFromSaleOfUnitsNetOfUnderwritingDiscountsPaid`	$169.05M	USD	1 Quarter
Proceeds from sale of Units, net of underwriting discounts paid	`ProceedsFromSaleOfUnitsNetOfUnderwritingDiscountsPaid`	$169.05M	USD	1 Quarter
Proceeds from sale of Private Placements Warrants	`ProceedsFromIssuanceOfPrivatePlacement`	$5.30M	USD	1 Quarter
Proceeds from sale of Private Placements Warrants	`ProceedsFromIssuanceOfPrivatePlacement`	$5.30M	USD	1 Quarter
Repayment of IPO Promissory Note - related party	`RepaymentsOfRelatedPartyDebt`	$202.68K	USD	1 Quarter
Repayment of IPO Promissory Note - related party	`RepaymentsOfRelatedPartyDebt`	$202.68K	USD	1 Quarter
Payment of offering costs	`PaymentsForRepurchaseOfInitialPublicOffering`	$327.08K	USD	1 Quarter
Payment of offering costs	`PaymentsForRepurchaseOfInitialPublicOffering`	$327.08K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$173.82M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$173.82M	USD	1 Quarter
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$1.10M	USD	1 Quarter
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$1.10M	USD	1 Quarter
Cash Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.10M	USD	Point-in-time
Cash Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.10M	USD	Point-in-time
Cash End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.10M	USD	Point-in-time
Cash End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.10M	USD	Point-in-time
Offering costs included in accrued offering costs	`OfferingCostsIncludedInAccruedOfferingCosts`	$337.08K	USD	1 Quarter
Offering costs included in accrued offering costs	`OfferingCostsIncludedInAccruedOfferingCosts`	$337.08K	USD	1 Quarter
Offering costs paid by Sponsor in exchange for issuance of Class B Ordinary Shares	`OfferingCostsPaidBySponsorInExchangeForIssuanceOfClassBOrdinaryShares`	$10.32K	USD	1 Quarter
Offering costs paid by Sponsor in exchange for issuance of Class B Ordinary Shares	`OfferingCostsPaidBySponsorInExchangeForIssuanceOfClassBOrdinaryShares`	$10.32K	USD	1 Quarter
Deferred offering costs paid through IPO Promissory Note - related party	`DeferredOfferingCostsPaidThroughPromissoryNoteRelatedParty`	$160.50K	USD	1 Quarter
Deferred offering costs paid through IPO Promissory Note - related party	`DeferredOfferingCostsPaidThroughPromissoryNoteRelatedParty`	$160.50K	USD	1 Quarter
Accretion of Class A Ordinary Shares to redemption value	`AccretionOfClassAOrdinarySharesToRedemptionValue`	$11.92M	USD	1 Quarter
Accretion of Class A Ordinary Shares to redemption value	`AccretionOfClassAOrdinarySharesToRedemptionValue`	$11.92M	USD	1 Quarter
Deferred underwriting fee payable	`DeferredUnderwritingFeePayable`	$6.04M	USD	1 Quarter
Deferred underwriting fee payable	`DeferredUnderwritingFeePayable`	$6.04M	USD	1 Quarter

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Sale of private placement units	`SaleOfStockNumberOfSharesIssuedInTransaction`	5.30M	shares	1 Quarter
Sale of private placement units	`SaleOfStockNumberOfSharesIssuedInTransaction`	5.30M	shares	1 Quarter
Balance	`StockholdersEquity`	$-95.00	USD	Point-in-time
Balance	`StockholdersEquity`	$-95.00	USD	Point-in-time
Balance	`StockholdersEquity`	$-4.87M	USD	Point-in-time
Balance	`StockholdersEquity`	$-4.87M	USD	Point-in-time
Issuance of Class B Ordinary Shares to Sponsor	`StockIssuedDuringPeriodValueNewIssues`	$25.00K	USD	Point-in-time
Issuance of Class B Ordinary Shares to Sponsor	`StockIssuedDuringPeriodValueNewIssues`	$25.00K	USD	Point-in-time
Sale of 5,300,000 Private Placement Warrants	`StockIssuedDuringPeriodValueSaleOfPrivatePlacementWarrants`	$5.30M	USD	1 Quarter
Sale of 5,300,000 Private Placement Warrants	`StockIssuedDuringPeriodValueSaleOfPrivatePlacementWarrants`	$5.30M	USD	1 Quarter
Fair Value of Public Warrants at issuance	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$1.83M	USD	1 Quarter
Fair Value of Public Warrants at issuance	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$1.83M	USD	1 Quarter
Allocated value of transaction costs to Class A Ordinary Shares	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$123.87K	USD	1 Quarter
Allocated value of transaction costs to Class A Ordinary Shares	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$123.87K	USD	1 Quarter
Accretion for Class A Ordinary Shares to redemption amount	`TemporaryEquityAccretionToRedemptionValue`	$11.92M	USD	1 Quarter
Accretion for Class A Ordinary Shares to redemption amount	`TemporaryEquityAccretionToRedemptionValue`	$11.92M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-25.09K	USD	Point-in-time
Net Income (Loss)	`NetIncomeLoss`	$-25.09K	USD	Point-in-time
Net Income (Loss)	`NetIncomeLoss`	$43.59K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$43.59K	USD	1 Quarter
Balance	`StockholdersEquity`	$-95.00	USD	Point-in-time
Balance	`StockholdersEquity`	$-95.00	USD	Point-in-time
Balance	`StockholdersEquity`	$-4.87M	USD	Point-in-time
Balance	`StockholdersEquity`	$-4.87M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.