Galata Acquisition corrects redemption price to $10.46, extends deadline to July 5
Galata Acquisition Corp., a blank check company, said its June 22, 2023 proxy statement/prospectus understated the estimated redemption value per Class A ordinary share, which is $10.46 rather than $10.26. It extended the deadline for holders to elect redemption from June 30 to July 5, 2023, ahead of the July 5 extraordinary general meeting that will consider its proposed business combination with Marti Technologies Inc.
- Estimated redemption value per Class A ordinary share revised to $10.46 from $10.26, based on trust account marketable securities as of March 31, 2023
- Redemption deadline moved from 5:00 p.m. New York City time on June 30, 2023 to 5:00 p.m. on July 5, 2023
- Meeting to open July 5, 2023 at 10:00 a.m. Eastern Time and adjourn to July 6, 2023 at 10:00 a.m.
- Company anticipates closing the Marti transaction in the third quarter of 2023