Embarc

Galata Acquisition Corp.

Merged
CIK: 1852767•Ticker: GLTA
Successfully merged with Marti Technologies Inc.

SPAC Overview

$125M
IPO Size
$150M
Trust (as of 2023-03-31)
Completed
Current Status
2021
IPO Year

Timeline Progress

About

Galata Acquisition Corp. is a blank-check company seeking a business combination, with a stated focus on technology-enabled financial services businesses in emerging markets. Potential segments include insurance, asset management, banking and merchant acquisition/payment processing.

Investment Focus

Financial Services, Insurance, Asset Management, Payment Platforms

Geographic Focus

emerging markets

Embarc dashboard

What the sponsor registered, what the deal actually priced at, and every 8-K that moved it — unit structure, sponsor promote, and the dated lifecycle events, each linked to its filing.

  • Unit structure as registered and as priced — price, warrant coverage, rights, trust per unit
  • Sponsor promote: founder shares and percentage, private-placement warrants, trust deposit
  • The full 8-K lifecycle timeline, each event linked to its filing
  • Price history across the unit, share and warrant tickers
  • Follow it, and see it change on your watchlist
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SPAC Team

Sponsors

Galata Acquisition Sponsor

Leadership

Agah Ugur
Chairperson of the Board of Directors, Chief Executive Officer, Director, Independent Director
Alper Oktem
Chairperson of the Board of Directors, Chief Executive Officer
Kemal Kaya
Chief Executive Officer, Chief Investment Officer, Director, President
Cankut Durgun
Director, President
Daniel Freifeld
Chief Financial Officer, Chief Investment Officer, Director, Independent Director, President
Erdem Selim
Chief Financial Officer
Esra Unluaslan Durgun
Chief Financial Officer
Michael Tanzer
Chief Financial Officer, Director, Independent Director Nominee
Douglas Lute
Director, Independent Director
Kerry Murphy Healey
Director, Independent Director
Oguz Alper Oktem
Director
Seher Sena öktem
Director
Yousef Hammad
Director, Independent Director
Adam S. Metz
Director, Independent Director Nominee
Shelley Guiley
Director, Independent Director Nominee
Timothy Michael Shannon
Independent Director Nominee
Andrew Stewart

Underwriters

B Riley Securities

Extended Team Information

Co-founded by affiliated funds of Callaway Capital Management and Weiss Asset Management. Its team includes CEO Kemal Kaya, with more than 35 years in financial services and experience leading a major Turkish bank; President Daniel Freifeld, an emerging-markets investor and founder of Callaway; and CFO Michael Tanzer, an investment professional at Callaway. The board nominees bring experience in finance, real estate, fundraising, and healthcare.

Key Information

IPO Date
2021-07-13
PIPE
$35.5M
State of Incorporation
E9
SIC
6770
Completion Date
2023-07-11
Merger Target
Marti Technologies Inc.
SPAC Ticker
GLTA

External Resources

SEC Filings
View Detailed Analysis