secwatch.observer — SEC 8-K summary
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Issuer:     Marti Technologies, Inc. (MRT)
CIK:        0001852767
Form:       8-K
Filed at:   2022-08-01T23:59:59+00:00
Accession:  0001104659-22-084463
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Galata Acquisition Corp. enters definitive merger agreement with Marti Technologies Inc.
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- SPAC to merge with Marti Technologies; each share of Marti common to receive SPAC Class A shares based on 45M total shares.
- Earnout: up to 9M additional SPAC shares if share price reaches $20 per share over five years.
- Closing requires SPAC to have at least $50M cash after redemptions and subscriptions.
- Investor Rights Agreement sets board: six directors nominated by Marti, one by Sponsor.
- Outside date for closing is nine months from signing (July 29, 2022).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1852767/000110465922084463/0001104659-22-084463-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1852767/000110465922084463/tm2222213d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-084463

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