Marblegate Capital Corporation
MGTEW
Other OTC0.09
USD
+0.01
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Marblegate Capital Corporation
MGTEW
(Other OTC)
Recent
price
0.09
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Business
- Marblegate Capital Corporation is a vertically integrated, full-service fleet operator and specialty finance lender in the New York City taxi market, specializing in acquiring, restructuring, and owning NYC taxi medallion-collateralized loans as well as leasing NYC taxi medallions through a taxicab fleet. The company maintains a loan portfolio collateralized by more than 1,700 medallions and owns over 2,000 medallions, positioning it as the largest lender and owner of NYC taxi medallions and one of the largest fleet operators in the city. Marblegate plays a pivotal role in the NYC taxi industry by driving positive transformations, including its instrumental involvement in the NYC Medallion Relief Program Plus (MRP+) that provides financial relief to drivers previously impacted by predatory lending practices. Founded by Marblegate Asset Management, an alternative investment firm with expertise in distressed and special situation investing, Marblegate Capital Corporation leverages extensive operational and financial restructuring capabilities to create sustainable value in this specialized market. In 2025, Marblegate Capital Corporation completed a significant business combination and merger with DePalma Acquisition I LLC and DePalma Acquisition II LLC, transitioning from a special purpose acquisition company (SPAC) to a publicly traded, operating company on the OTCQX Best Market under the symbols MGTE and MGTEW. Recent strategic developments include the appointment of Michael Hutchby as Chief Financial Officer and the addition of Meera Joshi to its Board of Directors, reflecting ongoing enhancements in leadership to support its growth and operational execution. The company is headquartered in Greenwich, Connecticut, and continues to focus on professionalizing the NYC taxi medallion market through strategic investments, fleet operations, and specialty lending services.
As Original Taxi Clubhouse Surpasses 100,000 Visits, Marblegate Capital Corporation Announces Plans to Open Two New Taxi Clubhouses for Drivers While its Taxi Fleet Operation Grows to One of the Largest in New York City
Marblegate Capital Corporation Announces Appointment of Michael Hutchby as Chief Financial Officer
Marblegate Capital Corporation Announces Completion of Business Combination with Marblegate Acquisition Corp. and DePalma Companies to Establish Publicly Listed Vertically Integrated NYC Taxi Medallion Lender and Fleet Operator