secwatch / observer
8-K filed July 7, 2023, 7:59 PM ET ticker MRT CIK 0001852767
M&A confidence high sentiment positive materiality 0.85

Galata shareholders approve merger with Marti; expected close July 10, 2023

Marti Technologies, Inc.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Marti Technologies, Inc. shareholders approved v. to authorize all other changes arising from or in connection with the effective substitution of the Existing Articles of Association, by the Proposed Articles of Association, including the removal of certain provisions relating to the Company's status as a blank check company that will not be app at the 2023-07-06 meeting.

Proposal
charter amendment
Outcome
passed
Meeting
2023-07-06
Exact text from the filing
v. to authorize all other changes arising from or in connection with the effective substitution of the Existing Articles of Association, by the Proposed Articles of Association, including the removal of certain provisions relating to the Company’s status as a blank check company that will not be applicable following consummation of the Business Combination. For Against Abstain 13,408,616 1,408,016 0
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Marti Technologies, Inc. shareholders approved iv. to approve in all respects the effective change from the holders of Class B Ordinary Shares having the power to appoint or remove any director of the Company (prior to the Business Combination) by ordinary resolution, to the holders of Class A Ordinary Shares having the power to appoint a direct at the 2023-07-06 meeting.

Proposal
charter amendment
Outcome
passed
Meeting
2023-07-06
Exact text from the filing
iv. to approve in all respects the effective change from the holders of Class B Ordinary Shares having the power to appoint or remove any director of the Company (prior to the Business Combination) by ordinary resolution, to the holders of Class A Ordinary Shares having the power to appoint a director of New Marti by resolution of the New Marti shareholders at an annual general meeting under the terms of the Proposed Articles of Association, and remove a director of New Marti from office by special resolution and only for “cause” (as defined in the Proposed Articles of Association); and For Against Abstain 13,406,103 1,410,529 0
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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Marti Technologies, Inc. shareholders approved The Incentive Plan Proposal: a proposal to approve by ordinary resolution and adopt the New Marti Incentive Award Plan and material terms thereunder at the 2023-07-06 meeting.

Proposal
equity plan
Outcome
passed
Meeting
2023-07-06
Exact text from the filing
4. The Incentive Plan Proposal : a proposal to approve by ordinary resolution and adopt the New Marti Incentive Award Plan and material terms thereunder, a copy of which is attached to the Proxy Statement/Prospectus as Annex H. For Against Abstain 12,428,169 2,388,463 0
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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Marti Technologies, Inc. shareholders approved iii. to approve in all respects, upon the Effective Time the effective change from a three-class share structure of the Company immediately prior to the Effective Time, comprising Class A Ordinary Shares, Class B Ordinary Shares and preference shares of the Company, to a two-class share structure of at the 2023-07-06 meeting.

Proposal
charter amendment
Outcome
passed
Meeting
2023-07-06
Exact text from the filing
iii. to approve in all respects, upon the Effective Time the effective change from a three-class share structure of the Company immediately prior to the Effective Time, comprising Class A Ordinary Shares, Class B Ordinary Shares and preference shares of the Company, to a two-class share structure of New Marti, comprised of Class A Ordinary Shares and preference shares of New Marti; - 2 - For Against Abstain 13,408,590 1,408,042 0
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Marti Technologies, Inc. shareholders approved i. to approve and adopt the Proposed Articles of Association changing the name of the company to "Marti Technologies, Inc."; at the 2023-07-06 meeting.

Proposal
charter amendment
Outcome
passed
Meeting
2023-07-06
Exact text from the filing
i. to approve and adopt the Proposed Articles of Association changing the name of the company to “Marti Technologies, Inc.”; For Against Abstain 13,408,588 1,408,044 0
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Marti Technologies, Inc. shareholders approved The Business Combination Proposal: a proposal to approve by ordinary resolution and adopt the Business Combination Agreement at the 2023-07-06 meeting.

Proposal
merger approval
Outcome
passed
Meeting
2023-07-06
Exact text from the filing
1. The Business Combination Proposal : a proposal to approve by ordinary resolution and adopt the Business Combination Agreement, dated as of July 29, 2022, as amended, by and among the Company, Merger Sub, and Marti, a copy of which is attached to the Proxy Statement/Prospectus as Annex A, and the transactions contemplated thereby (the “Business Combination”), including the merger of Merger Sub with and into Marti, with Marti surviving such merger as a wholly owned subsidiary of the Company (the Company as of and following the Business Combination, “New Marti”); For Against Abstain 13,408,618 1,408,014 0
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Marti Technologies, Inc. shareholders approved ii. to approve in all respects that upon the effective time of the Business Combination (the “Effective Time”), the effective change in authorized share capital from (i) the authorized share capital of the Company immediately prior to the Effective Time of $22,100 divided into 200,000,000 Class A Or at the 2023-07-06 meeting.

Proposal
charter amendment
Outcome
passed
Meeting
2023-07-06
Exact text from the filing
ii. to approve in all respects that upon the effective time of the Business Combination (the “Effective Time”), the effective change in authorized share capital from (i) the authorized share capital of the Company immediately prior to the Effective Time of $22,100 divided into 200,000,000 Class A Ordinary Shares, 20,000,000 Class B Ordinary Shares and 1,000,000 preference shares of the Company of a par value of $0.0001 each, to (ii) the authorized share capital of New Marti of $20,100 divided into 200,000,000 Class A Ordinary Shares of a par value of $0.0001 each and 1,000,000 preference shares of New Marti of a par value of $0.0001 each; For Against Abstain 13,408,588 1,408,042 2
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Marti Technologies, Inc. shareholders approved The NYSE Proposal: a proposal to approve by ordinary resolution, for purposes of complying with applicable listing rules of the New York Stock Exchange, (a) the issuance of up to an aggregate of 54,000,000 Class A Ordinary Shares in connection with the Business Combination and (b) the issuance and s at the 2023-07-06 meeting.

Proposal
merger approval
Outcome
passed
Meeting
2023-07-06
Exact text from the filing
3. The NYSE Proposal : a proposal to approve by ordinary resolution, for purposes of complying with applicable listing rules of the New York Stock Exchange, (a) the issuance of up to an aggregate of 54,000,000 Class A Ordinary Shares in connection with the Business Combination and (b) the issuance and sale of up to an aggregate of 90,909,091 Class A Ordinary Shares, which will be issued upon conversion of the Convertible Notes in connection with the Subscription. For Against Abstain 13,408,616 1,408,014 2
View on SEC.gov

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Marti Technologies, Inc. filing history →

Source: SEC EDGAR
accession 0001104659-23-078951
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