LOS ANGELES, July 26, 2023 - B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank and subsidiary of B. Riley Financial, Inc. (Nasdaq: RILY), is pleased to have served as exclusive capital markets advisor and sole placement agent to NYSE-listed special purpose acquisition company, Galata Acquisition Corp., in its $541 million business combination with Marti Technologies Inc. and $35.5 million convertible note PIPE.
The combined company began trading its Class A Ordinary Shares and warrants on the NYSE American Stock Exchange under the ticker symbols "MRT" and "MRTW", respectively, on July 11, 2023. To read more about this transaction click here.
Marti Technologies Inc. is Turkey's leading mobility app providing transportation services through its proprietary software systems and IoT infrastructure. Learn more here.
B. Riley's deal team was led by Jimmy Baker, Patrick Hanniford, Jonathan Mitchell and Chad Ritchie, and included Ryan Aceto and Kathy Innis.
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