- CEO
- Andrew Scott Milgram CFA
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 1345 Avenue of the Americas New York City NY United States of America 10105
- IPO Date
- Nov 22, 2021
- Business
- Marblegate Acquisition Corp. (GATEW) operates as a special purpose acquisition company sponsored by Marblegate Asset Management that focuses on effectuating mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations with one or more businesses, primarily in distressed and special situation sectors. Incorporated in 2020 and headquartered in Rye, New York, the company maintains no significant standalone operations or products beyond its SPAC structure intended for a single business combination. In April 2025, Marblegate Acquisition Corp. completed a business combination with DePalma Acquisition I LLC and DePalma Acquisition II LLC, resulting in the formation of Marblegate Capital Corporation (OTCQX: MGTE), a vertically integrated full-service fleet operator, specialty finance lender, and service provider in the New York City taxi medallion market; this transaction positioned the combined entity as the largest lender and owner of NYC taxi medallions with a loan portfolio collateralized by over 1,700 medallions, ownership of more than 2,000 medallions, and operations as one of the largest NYC medallion fleet operators. Marblegate Capital Corporation offers taxi medallion lending, medallion ownership and management, fleet operations, and related financial services including participation in the NYC MRP+ medallion debt relief program to stabilize the industry and provide relief from predatory lending; it targets NYC taxi medallion owners, drivers, and investors through hands-on restructuring and value creation in complex situations. The business combination delisted the original GATE shares from Nasdaq, transitioned common stock and warrants to OTCQX trading under MGTE and MGTEW, and established Marblegate Acquisition Corp. as a subsidiary of Marblegate Capital Corporation alongside the DePalma entities, with Marblegate Asset Management providing ongoing management services under a services agreement.