---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-079142"
form_type: "8-K"
ticker: "MGTE"
cik: "0001965052"
company_name: "Marblegate Capital Corp"
filed_at: "2025-04-11T23:59:59+00:00"
generated_at: "2026-05-23T16:36:03.133206+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Marblegate closes business combination with DePalma; stock to trade on OTCQX under MGTE

## Summary
- Closed combination with DePalma; DePalma valued at ~$629.5M; New MAC owns 83.7%.
- 322,274 shares redeemed for ~$11.05 each ($3.6M aggregate); 73.9M shares outstanding post-close.
- Common and warrants to trade on OTCQX under "MGTE" and "MGTEW" starting April 10, 2025.
- New board: Andrew Milgram, Sarah Feinberg, Harvey Golub, Frederick Herbst; CEO Milgram.

## SEC filing metadata
- accession: 0001193125-25-079142
- form_type: 8-K
- ticker: MGTE
- cik: 0001965052
- company_name: Marblegate Capital Corp
- filed_at: 2025-04-11T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 9.01, 3.01, 3.03, 5.01, 5.02, 5.03, 5.06, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1965052/000119312525079142/0001193125-25-079142-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1965052/000119312525079142/d890228d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-079142
- JSON: https://secwatch.observer/filing/0001193125-25-079142.json
- Plain text: https://secwatch.observer/filing/0001193125-25-079142.txt

## Key facts
- Executive change
  Andrew Milgram was appointed as Director at Marblegate Capital Corp.
  - Action: appointed
  - Role: Director
  source text: Effective as of the Closing, the following people were appointed as directors of the Company: • Andrew Milgram; • Sarah E. Feinberg; • Harvey Golub; and • Frederick C. Herbst.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1965052/000119312525079142/0001193125-25-079142-index.htm
- Executive change
  Sarah E. Feinberg was appointed as Director at Marblegate Capital Corp.
  - Action: appointed
  - Role: Director
  source text: Effective as of the Closing, the following people were appointed as directors of the Company: • Andrew Milgram; • Sarah E. Feinberg; • Harvey Golub; and • Frederick C. Herbst.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1965052/000119312525079142/0001193125-25-079142-index.htm
- Executive change
  Andrew Milgram was appointed as Chief Executive Officer at Marblegate Capital Corp.
  - Action: appointed
  - Role: Chief Executive Officer
  source text: the executive officers of the Company are: • Andrew Milgram, Chief Executive Officer; • Paul Arrouet, President; and • Jeffrey Kravetz, Chief Financial Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1965052/000119312525079142/0001193125-25-079142-index.htm
- Executive change
  Frederick C. Herbst was appointed as Director at Marblegate Capital Corp.
  - Action: appointed
  - Role: Director
  source text: Effective as of the Closing, the following people were appointed as directors of the Company: • Andrew Milgram; • Sarah E. Feinberg; • Harvey Golub; and • Frederick C. Herbst.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1965052/000119312525079142/0001193125-25-079142-index.htm
- Executive change
  Jeffrey Kravetz was appointed as Chief Financial Officer at Marblegate Capital Corp.
  - Action: appointed
  - Role: Chief Financial Officer
  source text: the executive officers of the Company are: • Andrew Milgram, Chief Executive Officer; • Paul Arrouet, President; and • Jeffrey Kravetz, Chief Financial Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1965052/000119312525079142/0001193125-25-079142-index.htm
- Executive change
  Harvey Golub was appointed as Director at Marblegate Capital Corp.
  - Action: appointed
  - Role: Director
  source text: Effective as of the Closing, the following people were appointed as directors of the Company: • Andrew Milgram; • Sarah E. Feinberg; • Harvey Golub; and • Frederick C. Herbst.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1965052/000119312525079142/0001193125-25-079142-index.htm
- Executive change
  Paul Arrouet was appointed as President at Marblegate Capital Corp.
  - Action: appointed
  - Role: President
  source text: the executive officers of the Company are: • Andrew Milgram, Chief Executive Officer; • Paul Arrouet, President; and • Jeffrey Kravetz, Chief Financial Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1965052/000119312525079142/0001193125-25-079142-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.