Galata and Marti Complete Business Combination
Summary
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 WASHINGTON & ISTANBUL–(BUSINESS WIRE)–Galata Acquisition Corp. (“Galata”), a Cayman Islands exempted company and a former U.S. publicly-listed special purpose acquisition company, today announced the closing of its previously announced business combination (the “Business Combination”) with Marti Technologies Inc. (“Marti”), a Delaware corporation. The combined company, Marti Technologies, Inc. (formerly known as Galata Acquisition Corp., “Pubco”), a Cayman Islands exempted company, will commence trading of its Class A Ordinary Shares and warrants on the NYSE American Stock Exchange under the ticker symbols “MRT” and “MRTW”, respectively, on July 11, 2023. The Business Combination was approved by Galata’s shareholders at an extraordinary general meeting held on July 6, 2023. Founded in 2018, Marti is Türkiye’s leading mobility app, offering multiple transportation services to its riders. Marti has launched a ride hailing service that matches riders with drivers traveling in the same direction and operates a large fleet of e-mopeds, e-bikes, and e-scooters.