Marti Technologies

Closed (deSPAC)

Profile in progress

What it is: Transaction overview ● Background checks on management and shareholders ● Engagement of leading global audit and accounting firm for financial due diligence ● Engagement of international and local counsel for legal due diligence ● Engagement of the world’s leading business consultancy for comprehensive commercial due diligence ● Comprehensive evaluation of competitors and comparative transactions ● Independent analysis of current market share, unit economics, and regulatory regime Due diligence conducted by Galata Source: Company information, Helbiz and Bird investor presentations and SEC filings
What it’s doing now: Merging with Galata Acquisition Corp. (GLTA) — closed (despac).
What you should know: The deal carries a $150M minimum-cash condition — heavy redemptions can break it.

The business, per its filings

SEC primary

Transaction overview ● Background checks on management and shareholders ● Engagement of leading global audit and accounting firm for financial due diligence ● Engagement of international and local counsel for legal due diligence ● Engagement of the world’s leading business consultancy for comprehensive commercial due diligence ● Comprehensive evaluation of competitors and comparative transactions ● Independent analysis of current market share, unit economics, and regulatory regime Due diligence conducted by Galata Source: Company information, Helbiz and Bird investor presentations and SEC filings. Note: 1. In FY2021, Marti had a positive (+1%) EBITDA margin vs Bird’s (-33%) and Helbiz’s (-409%) significantly negative EBITDA margins. 2. FD refers to Fully Deployed figures that Marti would be expected to achieve in 2023 if only the proceeds from the ~$57.5 million in convertible note PIPE commitments plus assumed incremental PIPE commitments of up to ~$92.5 million to be raised post-announcement were to be deployed towards purchasing E-Scooters, E-Mopeds and E-Bikes immediately upon receipt. 3. Based on the Pro-Forma Diluted Ownership laid out on the Detailed transaction overview slide. Marti Overview We believe… 7 Transportation is the number one issue in emerging market megacities Everything on wheels will be electric… … and everything electric will be shareable Source: Company information. Levan Yakut Chief Vehicle Officer Leadership team… 8 Management team cumulatively has c.85 years of experience across technology, telecommunications, finance, and consulting industries Cankut Durgun Cofounder, President Sena Öktem Cofounder, Deputy CEO İrem Bilgic Chief Operating Officer Alper Öktem Founder, CEO Eyal Enriquez Chief Strategy Officer Erdem Selim Chief Finan

What the company says about itself

Web research — not audited

Marti is Türkiye’s leading mobility app offering ride-hailing, delivery services, and rental e-mopeds, e-bikes, and e-scooters, serviced by proprietary software systems and IoT infrastructure.

Markets:: mobility | transportation
Products:: ride-hailing service | delivery services | rental e-mopeds | e-bikes | e-scooters

What our web check found

[WEB-INTEL 2026-08-26] 2 finding(s) · revenue (web claim — NOT STORED) — FILING: no revenue figure on our filed record · WEB: 141% Revenue Growth [https://ir.marti.tech/] — filing stands; recorded, not resolved. · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The Repurchase Program is being financed from the proceeds of a $5.0 million convertible note investment made by Farragut Square Global Master Fund," [https://ir.marti.tech/sec-filings/all-sec-filings/content/0001213900-24-033158/ea0202410-20f_marti.htm]

Source: https://ir.marti.tech/ · captured Aug 26, 2026 · marketing claims are reported as claims, never merged into the filed figures above.

The deal it’s entering

Marti Technologies is merging with Galata Acquisition Corp. (GLTA) currently marked Closed (deSPAC).

Headline equity value	—
PIPE	≈ $36M · unsourced
Minimum cash to close	$150M

Structure per SEC accession(s) 0001104659-23-062774, 0001104659-22-131031. How to read these numbers: headline vs effective valuation · what a definitive agreement commits

What exactly is being valued, and at what

Common questions

Is Marti Technologies going public?

Marti Technologies has an approved merger with the SPAC Galata Acquisition Corp. (GLTA). Deal status: Closed (deSPAC).

Does Marti Technologies have revenue?

The filings we've parsed don't state a usable revenue figure yet; this profile is updated as new documents land.

Educational content, not investment advice.