Aug 2022
Conyers advises Marti Technologies Inc., on Cayman Islands legal matters, in its merger with Galata Acquisition Corp.
Galata Acquisition Corp. (NYSE: GLTA), a special purpose acquisition company led by Callaway Capital with US$146.6 million in trust, has announced execution of a definitive business combination agreement with Marti Technologies Inc., Turkey’s leading mobility provider. Upon closing of the transaction, the company will continue to be named Marti Technologies Inc., and Marti’s ordinary shares are expected to trade on the New York Stock Exchange under the ticker symbol MRT.
Conyers partner Alan Dickson and associate Ali Low are acting alongside Latham & Watkins LLP, lead legal advisor to Marti.