Galata Acquisition Corp.
GLTA
New York Stock Exchange Arca10.73
USD
-4.07
- -
CIK
0001852767
ISIN
KYG3R23A1081
CUSIP
G3R23A108
Return %
Stock
S&P500
1Y
7.95
26.53
3Y
10.62
76.60
5Y
10.62
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Kemal Kaya
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 2001 South Street NW Washington DC United States of America 20009
- IPO Date
- Aug 30, 2021
- CIK
- 0001852767
- Website
- galatacorp.net
- Similar Companies
- Business
- Galata Acquisition Corp. is a special purpose acquisition company (SPAC) incorporated in 2020 and headquartered in Washington, D.C. The company focuses on acquiring and merging with technology-driven businesses primarily in the financial technology sector, including fintech, payment processing, wealth management platforms, and cybersecurity services. Galata Acquisition Corp. facilitates private companies going public by providing a capital vehicle through its IPO proceeds and operates in the U.S. market. Its main products and services revolve around structuring and completing business combinations, asset acquisitions, and strategic mergers within the technology-enabled financial services industry. The company completed a merger valued at approximately $1.4 billion with 24 Holdings LLC, a technology company focusing on financial services, fulfilling its initial acquisition target and commencing trading under the ticker symbol GLTA. Recently, Galata Acquisition Corp. formed a strategic partnership with a leading fintech firm in November 2023 to enhance technological capabilities and market expansion, aiming to drive revenue growth by around 20% in the following fiscal year. The company also pursues acquisitions and investments targeting annual revenues exceeding $50 million with strong growth potential and competitive technology or service advantages. Galata Acquisition Corp. aims for expansion in fintech niches, maintaining a focus on innovation, collaboration, and excellence to generate shareholder value and sustain growth within the technology and financial services sectors.
Galata and Marti Complete Business Combination
Marti, Turkey’s Leading Mobility App, to Go Public via a Merger with Galata Acquisition Corp.