Galata Acquisition Corp.

Galata Acquisition Corp.

GLTA
Galata Acquisition Corp.US flagNew York Stock Exchange Arca
10.73
USD
-4.07
- -
192.81MMarket Cap
No data availableFinancial data will appear here once available

Capital Structure

FRC

in mil. unless spec.
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Working Capital

FRC

in mil. unless spec.
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Growth Rates

FRC

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Quarterly Revenue

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Quarterly Earnings Per Share

FRC

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Quarterly Dividends Per Share

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Company Description

APIChat
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
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.

Company News

APIChat
  • Galata and Marti Complete Business Combination

  • Marti, Turkey’s Leading Mobility App, to Go Public via a Merger with Galata Acquisition Corp.