MRT
Marti Technologies, Inc.2.4000
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Key Stats
Market Cap
188.90MP/E (TTM)
-Basic EPS (TTM)
-1.13Dividend Yield
0%Recent Filings
8-K
Shareholders approve Marti merger
Galata shareholders overwhelmingly approved the business combination with Marti Technologies on July 6, 2023, with 13.4M for votes on the merger proposal versus 1.4M against. The deal simplifies the share structure and authorizes up to 145M new Class A shares. Closing expected July 10. New Marti trades as MRT on NYSE American.
8-K
Proxy redemption price upped
Galata Acquisition Corp. corrected its proxy statement redemption price to $10.46 per Class A share from $10.26, based on trust assets as of March 31, 2023. It extended the redemption deadline to July 5 and plans to open the July 5 shareholder meeting before adjourning to July 6. Higher redemptions could shrink post-merger cash.
10-Q
Q1 FY2023 results
Galata swung to a net income of $1.2M for Q1 ended March 31, 2023, up from a $0.8M loss y/y, fueled by $1.6M interest income on its $150.3M Trust Account while G&A fell to $357K. EPS hit $0.07 across 17.97M diluted shares, matching the math. Cash outside Trust dipped to $143K amid a $3.2M working capital deficit, yet Trust grew q/q on earnings. Proposed Marti merger advances with April amendments extending deadlines to July 31 and easing cash conditions. Trust intact. Economic downturns threaten deal timing.
8-K
SPAC extends Marti deal
Galata Acquisition Corp. amended its business combination agreement with Marti Technologies on April 28, 2023, scrapping the $50M cash condition, extending the outside date to July 31, and tweaking incentives and lockups. PIPE investors holding $35.5M in convertible notes dropped lockups and sweetened terms—15% premium, monthly resets down to $1.50 floor. Sponsor and insiders axed transfer restrictions. Deal lives on.
10-K
FY2022 results
Galata Acquisition Corp., a blank-check company, reported no revenue for FY2022 ended December 31, 2022, with a net loss of $837,116 driven by $2.95M in general and administrative expenses, offset by $2.11M in trust interest income. The Trust Account stood at $148.7M, up from $146.6M at year-end 2021, reflecting $2.11M earned on investments (derived). With $252K cash outside trust but a $2.8M working capital deficit, liquidity tightens ahead of the July 2023 business combination deadline. No Q4 metrics disclosed. Signed July 2022 deal to merge with Marti Technologies, targeting Q2 2023 close; Form F-4 filed December 2022. No annual guidance provided. Sponsor faces NYSE delisting risk over low public float.
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