secwatch.observer — SEC 8-K summary
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Issuer:     Marblegate Capital Corp (MGTE)
CIK:        0001965052
Form:       8-K
Filed at:   2025-04-11T23:59:59+00:00
Accession:  0001193125-25-079142
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.01, 9.01, 3.01, 3.03, 5.01, 5.02, 5.03, 5.06, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1965052/000119312525079142/0001193125-25-079142-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1965052/000119312525079142/d890228d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-079142

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer