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Marti Technologies (Galata Acquisition) Priced, NYSE American: MRT

Blank check company formed by Callaway Capital and Weiss targeting financials and fintech in emerging markets (completed 7/7/2023).

Industry: SPAC

Latest Trade: $0.82 0.00 (0.0%)

First Day Return: 0.0%

Return from IPO: -91.8%

Industry: SPAC

We are a newly-incorporated blank check company. While we may pursue an initial business combination opportunity in any business, industry, sector or geographic region, we intend to focus on technology-enabled financial services businesses in emerging markets. Segments we might explore include, but are not limited to, insurance, reinsurance and insurance services, asset management, retail or investment banking, and merchant acquisition & payment processing. We were co-founded by Callaway Capital Management and Weiss Asset Management (WAM); we believe their sourcing, underwriting, operating, deal structuring, and investing teams will provide us with important competitive advantages for sourcing, pursuing, and evaluating initial business combinations. Our CEO Kemal Kaya is a leading figure in banking and has over 35 years of experience in financial services. He is an advisor to The Blackstone Group and the former CEO of Yapi Kredi, one of Turkey’s largest banks and insurance companies. Daniel Freifeld, the Founder and CIO of Callaway, has worked in emerging markets for close to twenty years and will serve as President of Galata. Michael Tanzer, a Portfolio Manager for Callaway's flagship investment fund, will serve as CFO. Callaway and Kemal have been professionally associated for over a decade.
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IPO Data
IPO File Date 04/02/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 12.5
Deal Size ($mm) $125
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 07/08/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 12.5
Deal Size ($mm) $125
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
B. Riley Securities
Company Data
Headquarters Washington, DC, United States
Founded 2021
Employees 3

Marti Technologies (Galata Acquisition) (MRT) Performance