secwatch.observer — SEC 8-K summary
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Issuer:     Marti Technologies, Inc. (MRT)
CIK:        0001852767
Form:       8-K
Filed at:   2021-07-20T23:59:59+00:00
Accession:  0001104659-21-093648
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1852767/000110465921093648/0001104659-21-093648-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1852767/000110465921093648/tm2122530d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-093648

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