GLTA News and Press, Galata Acquisition Corp. Class A

Galata Acquisition Corp. (“Galata”) announced today that its extraordinary general meeting of shareholders scheduled on July 12, 2023 (the “Extraordinary General Meeting”) to vote on, among other things, a proposal to extend the date by which Galata must consummate a b...

The combined company’s Class A Ordinary Shares and warrants to list on the NYSE American Stock Exchange under the symbols “MRT” and “MRTW”, respectively, on July 11, 2023 Galata Acquisition Corp. (“Galata”), a Cayman Islands exemp...

Galata Acquisition Corp. (the “Company”) and Marti Technologies Inc. (“Marti”) announced today that at an extraordinary general meeting (the “General Meeting”) held yesterday, July 6, 2023, the Company’s shareholders voted to approve the previously...

Galata Acquisition Corp. (the “Company”) announced today updates to its proxy statement/prospectus filed with the Securities and Exchange Commission (the “SEC”) on June 22, 2023 (the “Proxy Statement/Prospectus”) in connection with the extraordinary gener...

Summary The BIST had an extraordinary performance to the year's end, and the TUR ETF has almost doubled in 2022. Despite the stellar stock market gains and relatively stable Lira, the Turkish economy's fundamentals are alarming as inflation hits almost triple digits. The current hig...

Galata Acquisition press release ( NYSE: GLTA ): Q3 Revenue of $8.9M (+22.6% Y/Y). Adjusted EBITDA decreased by 38% compared to the same period in 2021 to $1.5 million with an adjusted EBITDA margin of 17% for Q3’22, compared to $2.4 million in Q3’21. F...

Marti Technologies Inc. (“Marti” or the “Company”), Turkey’s leading mobility app, today announced its financial results for the third quarter ended September 30, 2022. The Company delivered strong financial performance in the third quarter as net ...

SPAC Galata Acquisition Corp. ( NYSE: GLTA ) plans to merge with Turkish mobility app provider Marti Technologies through a deal that pegs the implied enterprise value of the combined company at $532M. The deal should give Galata net cash proceeds of around $280M and is ...

The #1 travel app in Turkey, Marti operates a fleet of e-mopeds, e-bikes, and e-scooters serviced by proprietary software systems and IoT infrastructure. With a single country focus and vertically integrated business model, Marti distinguishes itself from global peers in terms of ...