---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-093648"
form_type: "8-K"
ticker: "MRT"
cik: "0001852767"
company_name: "Marti Technologies, Inc."
filed_at: "2021-07-20T23:59:59+00:00"
generated_at: "2026-06-30T04:15:39.875838+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Galata closes $125M IPO and $6.5M PIPE; underwriters exercise overallotment for $18.75M

## Summary
- Sold 12,500,000 units at $10/unit for $125M gross; private placement of 6,500,000 warrants at $1.00 for $6.5M.
- $127.5M of net proceeds deposited into trust account for benefit of public shareholders.
- Underwriters exercised overallotment in full on July 15, purchasing 1,875,000 additional units for $18.75M.
- Audited balance sheet as of July 13, 2021 shows $129.3M total assets including $127.5M in trust.
- Company has 24 months from closing (July 2023) to complete a business combination.

## SEC filing metadata
- accession: 0001104659-21-093648
- form_type: 8-K
- ticker: MRT
- cik: 0001852767
- company_name: Marti Technologies, Inc.
- filed_at: 2021-07-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1852767/000110465921093648/0001104659-21-093648-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1852767/000110465921093648/tm2122530d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-093648
- JSON: https://secwatch.observer/filing/0001104659-21-093648.json
- Plain text: https://secwatch.observer/filing/0001104659-21-093648.txt

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