{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-22-129933","form_type":"8-K","ticker":"MRT","cik":"0001852767","company_name":"Marti Technologies, Inc.","filed_at":"2022-12-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:52.757210+00:00","generated_at":"2026-06-20T23:37:53.050200+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Galata Acquisition Corp. amends PIPE note terms: rate to 15%, expands funding sources; Marti waives $50M cash condition","bullets":["Convertible note interest rate increased from 12% to 15% per annum (10% cash + 5% PIK).","Minimum cash condition for subscription expanded to include Qualified ABL/Equity Commitments and company cash; still $150M aggregate.","Marti Technologies waived the BCA Minimum Cash Condition requiring $50M of SPAC cash at closing.","Permitted PFG Debt limit under Indenture raised from $18M to $20M."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-22-129933","json":"https://secwatch.observer/filing/0001104659-22-129933.json","markdown":"https://secwatch.observer/filing/0001104659-22-129933.md","text":"https://secwatch.observer/filing/0001104659-22-129933.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1852767/000110465922129933/0001104659-22-129933-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1852767/000110465922129933/tm2233394d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T23:37:53.050200+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5eaf8e99b105326b9071c54c0e3227dc93f03636","claim":"Marti Technologies, Inc. amended Amendment to Convertible Note Subscription Agreements with Galata Acquisition Corp., Marti Technologies Inc., and each PIPE Investor valued at Amended the Subscription Minimum Cash Condition to include additional sources; increased interest ra (effective 2022-12-23).","evidence_excerpt":"On December 23, 2022, SPAC, the Company and each PIPE Investor entered into an amendment to the Subscription Agreements (collectively, the “ Amendment ”). Pursuant to the terms of the Amendment, the Subscription Minimum Cash Condition was amended to include (a) the aggregate original principal amount of the Convertible Notes issued to the PIPE Investors (including, without duplication, the unsecured convertible promissory notes which may be funded at the subscribers’ option prior to closing and which will convert into Convertible Notes at the closing of the business combination) issued at or prior to the Closing; plus (b) the aggregate amount of Qualified ABL Commitments (as defined in the Amendment), whether drawn or undrawn and inclusive of all drawn and invested cash; plus (c) the aggregate amount of Qualified Equity Commitments (as defined in the Amendment); plus (d) the amounts remaining in SPAC’s Trust Account (following any redemptions); plus (e) the aggregate cash and cash equi","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1852767/000110465922129933/0001104659-22-129933-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Galata Acquisition Corp., Marti Technologies Inc., and each PIPE Investor"},{"label":"Value","value":"Amended the Subscription Minimum Cash Condition to include additional sources; increased interest ra"},{"label":"Effective","value":"2022-12-23"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}