secwatch.observer — SEC 8-K summary
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Issuer:     Marblegate Capital Corp (MGTE)
CIK:        0001965052
Form:       8-K/A
Filed at:   2025-05-15T23:59:59+00:00
Accession:  0000950170-25-072799
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1965052/000095017025072799/0000950170-25-072799-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1965052/000095017025072799/ck0001965052-20250407.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-072799

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