---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-072799"
form_type: "8-K/A"
ticker: "MGTE"
cik: "0001965052"
company_name: "Marblegate Capital Corp"
filed_at: "2025-05-15T23:59:59+00:00"
generated_at: "2026-05-21T05:58:57.605608+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Marblegate Capital reports pro forma net losses of $5.7M (Q1'25) and $8.5M (FY'24) after business combination

## Summary
- Business combination closed April 7, 2025; New MAC trading on OTCQX as MGTE and MGTEW.
- Pro forma net loss attributable to New MAC: $5.7M for Q1 2025, $8.5M for FY 2024.
- Pro forma total assets $658.6M, including $350.3M intangible assets (medallion licenses).
- Loans held for investment at fair value: $268.3M as of March 31, 2025.
- DePalma equityholders own 85.2% of New MAC's 73.9M outstanding shares.

## SEC filing metadata
- accession: 0000950170-25-072799
- form_type: 8-K/A
- ticker: MGTE
- cik: 0001965052
- company_name: Marblegate Capital Corp
- filed_at: 2025-05-15T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1965052/000095017025072799/0000950170-25-072799-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1965052/000095017025072799/ck0001965052-20250407.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-072799
- JSON: https://secwatch.observer/filing/0000950170-25-072799.json
- Plain text: https://secwatch.observer/filing/0000950170-25-072799.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.