{"id":768686,"date":"2023-07-10T16:30:19","date_gmt":"2023-07-10T20:30:19","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/galata-acquisition-corp-announces-cancellation-of-extraordinary-general-meeting\/"},"modified":"2023-07-10T16:30:19","modified_gmt":"2023-07-10T20:30:19","slug":"galata-acquisition-corp-announces-cancellation-of-extraordinary-general-meeting","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/galata-acquisition-corp-announces-cancellation-of-extraordinary-general-meeting\/","title":{"rendered":"Galata Acquisition Corp. Announces Cancellation of Extraordinary General Meeting"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Galata Acquisition Corp. Announces Cancellation of Extraordinary General Meeting<\/b><\/p>\n<p>WASHINGTON&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nGalata Acquisition Corp. (\u201cGalata\u201d) announced today that its extraordinary general meeting of shareholders scheduled on July 12, 2023 (the \u201cExtraordinary General Meeting\u201d) to vote on, among other things, a proposal to extend the date by which Galata must consummate a business combination has been cancelled. Galata determined that the Extraordinary General Meeting is no longer necessary due to the consummation of the previously announced business combination between Galata and Marti Technologies Inc., a Delaware corporation (\u201cMarti\u201d) (the \u201cBusiness Combination\u201d), on July 10, 2023. Galata and Marti provided additional information related to the consummation of the Business Combination in a separate press release issued on July 10, 2023.<\/p>\n<p>\nThe combined company, Marti Technologies, Inc. (formerly known as Galata Acquisition Corp., \u201cNew Marti\u201d), a Cayman Islands exempted company, will commence trading of its Class A Ordinary Shares and warrants on the NYSE American Stock Exchange under the ticker symbols \u201cMRT\u201d and \u201cMRTW\u201d, respectively, on July 11, 2023.<\/p>\n<p><b>About Galata Acquisition Corp.<\/b><\/p>\n<p>\nGalata Acquisition Corp. was a blank check company organized for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, or reorganization or engaging in any other similar business combination with one or more businesses or entities. Galata\u2019s Units, Class A ordinary shares and warrants previously traded on the NYSE American Stock Exchange under the ticker symbols \u201cGLTA\u201d, \u201cGLTA\u201d and \u201cGLTA.WS\u201d, respectively.<\/p>\n<p><b>About Marti Technologies Inc.<\/b><\/p>\n<p>\nFounded in 2018, Marti is T\u00fcrkiye\u2019s leading mobility app, offering multiple transportation services to its riders. Marti has launched a ride hailing service that matches riders with drivers traveling in the same direction and operates a large fleet of e-mopeds, e-bikes, and e-scooters. All of Marti\u2019s offerings are serviced by proprietary software systems and IoT infrastructure. For more information visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.marti.tech&amp;esheet=53445297&amp;newsitemid=20230710959280&amp;lan=en-US&amp;anchor=www.marti.tech&amp;index=1&amp;md5=f4d9585d4793380770ab4e53f8d08ea7\">www.marti.tech<\/a>.<\/p>\n<p><b>Forward-Looking Information<\/b><\/p>\n<p>\nThis communication contains statements that are not based on historical fact and are \u201cforward-looking statements\u201d within the meaning of the \u201csafe harbor\u201d provisions of the Private Securities Litigation Reform Act of 1995. For example, statements about the expected timing of the completion of the proposed business combination, the benefits of the proposed business combination, the competitive environment, and the expected future performance and market opportunities of Galata and Marti are forward-looking statements. In some cases, you can identify forward looking statements by terminology such as, or which contain the words \u201cwill,\u201d \u201caim,\u201d \u201canticipate,\u201d \u201cbelieve,\u201d \u201ccontinue,\u201d \u201ccould,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cforecast,\u201d \u201cfuture,\u201d \u201cintend,\u201d \u201cmay,\u201d \u201cplan,\u201d \u201cpossible,\u201d \u201cpredict,\u201d \u201cproject,\u201d \u201cseek,\u201d \u201cshould,\u201d \u201ctarget,\u201d \u201cwill,\u201d \u201cwould\u201d and variations of these words or similar expressions. Such forward-looking statements are subject to risks, uncertainties and other factors. Actual results may differ materially from the expectations expressed or implied in the forward-looking statements as a result of known and unknown risks and uncertainties.<\/p>\n<p>\nForward-looking statements are not historical facts but rather are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including but not limited to: (i) the effect of the consummation of the Business Combination on Marti\u2019s business relationships, performance and business generally, (ii) the outcome of any legal proceedings that may be instituted against Marti, Galata, New Marti and\/or their respective directors or officers related to the Business Combination, (iii) the potential inability of New Marti or a successor thereto to maintain the listing of its securities on the NYSE American Stock Exchange, (iv) volatility in the price of the securities of New Marti or a successor thereto due to a variety of factors, including changes in the competitive and highly regulated industries in which Marti operates, variations in performance across competitors, changes in laws and regulations affecting Marti\u2019s business, (v) changes in the capital structure of New Marti, (vi) Marti\u2019s ability to implement business plans, forecasts and other expectations as well as its ability to identify and realize additional business opportunities, (vii) the risk of downturns in the highly competitive mobile transportation industry, (xiii) the ability of Marti to continue to build the Marti brand and consumers\u2019 recognition, acceptance and adoption of the Marti brand, (ix) risks associated with doing business in an emerging market, (x) risks relating to Marti\u2019s dependence on and use of certain intellectual property and technology, (xi) the risk that Marti may not be able to effectively manage its growth, including its design, research, development and maintenance capabilities, (xii) changes in applicable laws or regulations and (xiii) other risks and uncertainties set forth in the registration statement and definitive proxy statement\/prospectus filed by Galata with the SEC in connection with the proposed business combination. The foregoing list of important factors is not exhaustive and you should carefully consider the other risks and uncertainties described in the \u201cRisk Factors\u201d section of Galata\u2019s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other documents filed by Galata from time to time with the SEC.<\/p>\n<p>\nNothing herein should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Except as may be required by applicable law, none of New Marti, Marti or Galata undertakes any duty to update or revise any forward-looking statements whether as a result of new information, new events, future events or circumstances, or otherwise.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230710959280r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230710959280\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230710959280\/en\/<\/a><\/span><\/p>\n<p>\nGalata Acquisition Corp.<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:info@galatacorp.net\">info@galatacorp.net<br \/>\n<\/a><br \/><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.galatacorp.net&amp;esheet=53445297&amp;newsitemid=20230710959280&amp;lan=en-US&amp;anchor=www.galatacorp.net&amp;index=2&amp;md5=170903cc9f694de01cefa463f1b0f35c\">www.galatacorp.net<\/a><\/p>\n<p><b>KEYWORDS:<\/b> District of Columbia Europe United States Turkey North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Vehicle Technology Automotive General Automotive Apps\/Applications Technology Mobile\/Wireless<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230710959280\/en\/1837403\/3\/GTLA_%26_MRT_Combined_Logos.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Galata Acquisition Corp. Announces Cancellation of Extraordinary General Meeting WASHINGTON&#8211;(BUSINESS WIRE)&#8211; Galata Acquisition Corp. (\u201cGalata\u201d) announced today that its extraordinary general meeting of shareholders scheduled on July 12, 2023 (the \u201cExtraordinary General Meeting\u201d) to vote on, among other things, a proposal to extend the date by which Galata must consummate a business combination has been cancelled. Galata determined that the Extraordinary General Meeting is no longer necessary due to the consummation of the previously announced business combination between Galata and Marti Technologies Inc., a Delaware corporation (\u201cMarti\u201d) (the \u201cBusiness Combination\u201d), on July 10, 2023. Galata and Marti provided additional information related to the consummation of the Business Combination in a separate press release issued on July 10, 2023. The combined &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/galata-acquisition-corp-announces-cancellation-of-extraordinary-general-meeting\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Galata Acquisition Corp. Announces Cancellation of Extraordinary General Meeting&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-768686","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Galata Acquisition Corp. Announces Cancellation of Extraordinary General Meeting - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/galata-acquisition-corp-announces-cancellation-of-extraordinary-general-meeting\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Galata Acquisition Corp. Announces Cancellation of Extraordinary General Meeting - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Galata Acquisition Corp. Announces Cancellation of Extraordinary General Meeting WASHINGTON&#8211;(BUSINESS WIRE)&#8211; Galata Acquisition Corp. (\u201cGalata\u201d) announced today that its extraordinary general meeting of shareholders scheduled on July 12, 2023 (the \u201cExtraordinary General Meeting\u201d) to vote on, among other things, a proposal to extend the date by which Galata must consummate a business combination has been cancelled. Galata determined that the Extraordinary General Meeting is no longer necessary due to the consummation of the previously announced business combination between Galata and Marti Technologies Inc., a Delaware corporation (\u201cMarti\u201d) (the \u201cBusiness Combination\u201d), on July 10, 2023. Galata and Marti provided additional information related to the consummation of the Business Combination in a separate press release issued on July 10, 2023. The combined &hellip; Continue reading &quot;Galata Acquisition Corp. 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