{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-056016","form_type":"8-K","ticker":"MRT","cik":"0001852767","company_name":"Marti Technologies, Inc.","filed_at":"2023-05-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.253343+00:00","generated_at":"2026-06-15T23:01:53.431838+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Galata SPAC amends Marti deal: cash condition dropped, outside date extended, note terms revised","bullets":["Removes $50M minimum cash closing condition; extends outside date to July 31, 2023.","Revised convertible notes: conversion premium increased to 15%, monthly reset dates, floor lowered to $1.50.","Lock‐up restrictions eliminated for PIPE investors, sponsor, and insiders (directors/management).","Farragut gets option to subscribe up to $40M in convertible notes post‐closing.","PIPE Amendment extends subscription agreement termination date to July 31, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-056016","json":"https://secwatch.observer/filing/0001104659-23-056016.json","markdown":"https://secwatch.observer/filing/0001104659-23-056016.md","text":"https://secwatch.observer/filing/0001104659-23-056016.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1852767/000110465923056016/0001104659-23-056016-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1852767/000110465923056016/tm2314505d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T23:01:53.431838+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":"6fedff6031d3f0f25d5d0098ea2a14fd7454df2b","claim":"Marti Technologies, Inc. entered into Farragut Subscription Agreement with Farragut Square Global Master Fund, LP valued at Convertible Note Subscription Agreement for up to $40,000,000 aggregate principal amount of Converti (effective 2023-05-04).","evidence_excerpt":"On May 4, 2023, SPAC and Farragut Square Global Master Fund, LP (\" Farragut \") entered into a Convertible Note Subscription Agreement","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1852767/000110465923056016/0001104659-23-056016-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"underwriting"},{"label":"Counterparty","value":"Farragut Square Global Master Fund, LP"},{"label":"Value","value":"Convertible Note Subscription Agreement for up to $40,000,000 aggregate principal amount of Converti"},{"label":"Effective","value":"2023-05-04"}],"fact_type":"material_agreement"},{"claim_id":"d0e90157bdd6ed405e1bf252c0bc0c49fd19b152","claim":"Marti Technologies, Inc. amended Business Combination Agreement with Galata Acquisition Corp. valued at Amendment No.1 to the Business Combination Agreement (effective 2023-04-28).","evidence_excerpt":"On April 28, 2023, SPAC, Merger Sub, and the Company entered into that certain Amendment No.1 to the Business Combination Agreement","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1852767/000110465923056016/0001104659-23-056016-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Galata Acquisition Corp."},{"label":"Value","value":"Amendment No.1 to the Business Combination Agreement"},{"label":"Effective","value":"2023-04-28"}],"fact_type":"material_agreement"},{"claim_id":"fcdd5d48e3f4aaafb8d1fa37182da832fd46a228","claim":"Marti Technologies, Inc. amended Subscription Agreements with PIPE Investors valued at Amendment to Subscription Agreements (PIPE Amendment) (effective 2023-04-28).","evidence_excerpt":"On April 28, 2023 , SPAC, the Company and certain PIPE Investors representing $35,500,000 aggregate principal amount of Convertible Notes entered into an amendment to the Subscription Agreements","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1852767/000110465923056016/0001104659-23-056016-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"PIPE Investors"},{"label":"Value","value":"Amendment to Subscription Agreements (PIPE Amendment)"},{"label":"Effective","value":"2023-04-28"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}