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.
Key points
- 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
The filing
Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 30, 2023.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.