Galata Acquisition Corp. (GLTA) to Combine with Marti in $532M Deal

Galata Acquisition Corp. (NYSE: GLTA) has entered into a definitive agreement to combine with Turkish mobility app Marti at an enterprise value of $532 million, or 4.2x 2023 fully deployed net revenue of $125 million. Istanbul, Turkey-based Marti operates a fleet of over 46,000 e-mopeds, e-bikes, and e-scooters, serviced by proprietary software systems and IoT infrastructure. The
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