Welcome to our dedicated page for Marblegate Acquisition news (Ticker: GATE), a resource for investors and traders seeking the latest updates and insights on Marblegate Acquisition stock.
News for Marblegate Acquisition Corp. (GATE) centers on its role as a blank check company and its completed business combination in the regulated mobility and NYC taxi medallion market. Company announcements describe how GATE, together with Marblegate Capital Corporation and the DePalma Companies, executed a merger to establish a publicly listed, vertically integrated NYC taxi medallion lender and fleet operator.
Coverage includes updates on the business combination process, such as the confidential submission of a Form S-4 registration statement related to the proposed transaction with DePalma Acquisition I, LLC and DePalma Acquisition II, LLC. These items explain the steps taken to obtain regulatory review, shareholder approval, and other customary closing conditions for the combination.
Subsequent news highlights the completion of the transaction and the start of trading for Marblegate Capital Corporation’s common stock and warrants on the OTCQX Best Market under the symbols MGTE and MGTEW. Company communications also emphasize Marblegate’s focus on the NYC taxi medallion market, its lending and fleet operations, and its involvement in the NYC MRP+ medallion debt relief program, which is described as providing financial relief to drivers and helping stabilize the taxi industry.
Readers following GATE-related news can use this page to review historical press releases about the SPAC’s formation, its proposed and completed business combination, and the resulting public listing of Marblegate Capital Corporation. This context helps explain how the GATE vehicle was used to create a specialty finance and fleet operator focused on NYC taxi medallions.
Marblegate Capital (MGTE) has completed its business combination with Marblegate Acquisition Corp. (formerly GATE) and DePalma Companies, establishing the first publicly traded, vertically integrated NYC taxi medallion lender and fleet operator. The company's common stock and warrants began trading on the OTCQX® Best Market under symbols MGTE and MGTEW on April 10, 2025.
The company holds a significant market position with a loan portfolio collateralized by over 1,700 medallions and ownership of more than 2,000 medallions, making it the largest lender and owner of NYC taxi medallions. Marblegate played a important role in implementing the NYC MRP+ medallion debt relief program, aimed at providing financial relief to drivers affected by predatory lending practices.
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