Welcome to our dedicated page for Marblegate Capital Corporation news (Ticker: MGTE), a resource for investors and traders seeking the latest updates and insights on Marblegate Capital Corporation stock.
Marblegate Capital Corporation (MCC) (OTCQX: MGTE) generates news centered on its role as a vertically integrated, full-service fleet operator and specialty finance lender in the New York City taxi market. As a lender, owner, and fleet operator specializing in NYC taxi medallions, MCC’s updates often relate to medallion-backed financing, fleet expansion, and initiatives aimed at taxi drivers.
News coverage for MCC includes announcements of material financing transactions, such as secured revolving loan facilities backed by medallion loan receivables restructured under the NYC Medallion Relief Program Plus (MRP+), and vehicle loan agreements used to finance fleets of taxicab vehicles. These items can reflect how MCC structures its capital to support lending activities and the growth of its Signal Taxi fleet.
Another recurring theme in MCC news is its “driver-first” approach. Press releases describe the Taxi Clubhouse program, a first-of-its-kind private lounge for NYC professional drivers that has surpassed 100,000 visits. Updates on plans to open additional Taxi Clubhouses, as well as information on amenities and usage trends, illustrate how MCC positions itself as a supporter of driver working conditions within the regulated taxi market.
Investors and observers can also find governance and corporate development news, including appointments to the Board of Directors and changes in senior leadership. These items highlight experience in transportation policy, financial services, and capital markets that MCC associates with its efforts to transform and institutionalize the NYC taxi industry.
By following MGTE news, readers can track developments in MCC’s medallion-backed lending, fleet operations through Signal Taxi, driver-focused programs, and capital and governance decisions that shape its presence in the NYC taxi ecosystem.
Marblegate Capital Corporation (OTCQX: MGTE) closed two financings totaling approximately $137 million to support Signal Taxi's fleet operations and strategic initiatives. On Dec 30, 2025 MCC closed a $120 million revolving loan facility with DZ Bank, New York Branch; on Dec 31, 2025 it closed an approximately $17.2 million term loan with Auxilior Capital Partners.
The financing will fund driver-experience improvements, expansion of medallions and wheelchair accessible vehicles (WAVs), potential growth initiatives, and general corporate purposes. MCC reports a loan portfolio collateralized by nearly 1,700 medallions and ownership of over 2,000 medallions.
Marblegate Capital Corporation (MGTE) has announced plans to open two additional Taxi Clubhouses in New York City, following the success of its original location which recently surpassed 100,000 visits. The first Taxi Clubhouse, opened in 2023 on West 22nd Street in Chelsea, has seen visits increase by 25% in the first seven months of 2025 compared to all of 2024.
The Clubhouses provide NYC taxi drivers with exclusive access to amenities including restrooms, free refreshments, WiFi, exercise areas, massage chairs, and prayer rooms. The company's taxi operation, Signal Taxi, has become the second-largest fleet in NYC, adding over 50 new wheelchair accessible vehicles (WAVs) monthly, representing 30% of the city's WAV growth.
The expansion demonstrates Marblegate's commitment to improving driver working conditions and transforming the NYC taxi industry, building on their previous work with the NYC MRP+ medallion debt relief program.Marblegate Capital Corporation (OTCQX: MGTE) has appointed Michael Hutchby as its new Chief Financial Officer, effective July 3, 2025. Hutchby brings over 20 years of experience in corporate development, capital markets, and M&A, most recently serving as CFO and Controller at Cherry Hill Mortgage Investment Corporation.
Hutchby will replace current CFO Jeffrey Kravetz, who will assist with the transition before departing to focus on his responsibilities at Marblegate Asset Management. The new CFO's previous experience includes serving as Vice President of Capital Markets at Freedom Mortgage from 2013 to 2024, specializing in mergers and acquisitions, corporate development, and capital raising.
Marblegate Capital Corporation operates as a vertically integrated, full-service fleet operator and specialty finance lender in the New York City taxi market, positioning itself as the largest publicly traded company of its kind in the NYC taxi market.
Marblegate Capital (OTCQX: MGTE) has appointed Meera Joshi to its Board of Directors. Joshi brings significant transportation policy expertise as the former First Deputy Mayor for Operations and ex-CEO/Chair of the NYC Taxi and Limousine Commission. She joins existing board members Harvey Golub, Andrew Milgram, Sarah Feinberg, and Frederick Herbst.
Joshi's extensive background includes serving as Administrator of USDOT's Federal Motor Carrier Safety Administration and implementing key transportation policies such as the first for-hire driver pay protection program. During her tenure at the NYC Taxi and Limousine Commission (2014-2019), she established open transportation data standards and improved wheelchair-accessible transportation.
MCC positions itself as the largest publicly traded, vertically integrated fleet operator and specialty finance lender in the NYC taxi market. The company played a important role in implementing the NYC MRP+ medallion debt relief program to address predatory lending practices affecting drivers.
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.