PROPOSED BUSINESS COMBINATION: DePalma Companies
ENTERPRISE VALUE: $tbd million
ANTICIPATED SYMBOL: tbd
Marblegate Acquisition Corp proposes to combine with DePalma Companies
Taxi Medallions owned free and clear of any and all Liens by DePalma II, the sum of:
- (i) the product of
- (1) the total number of Chicago Medallions, multiplied by
- (2) the Per Chicago Medallion Collateral Value, plus
- (ii) the product of
- (1) the total number of Philadelphia Medallions, multiplied by
- (2) the Per Philadelphia Medallion Collateral Value, plus
- (iii) the product of
- (1) the total number of New York City Medallions, multiplied by
- (2) the Per New York City Medallion Collateral Value.
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