Galata Acquisition Corp. (NYSE: GLTA), a special purpose acquisition company led by Callaway Capital with US$146.6 million in trust, has announced execution of a definitive business combination agreement with Marti Technologies Inc., Turkey’s leading mobility provider. Upon closing of the transaction, the company will continue to be named Marti Technologies Inc., and Marti’s ordinary shares are expected to trade on the New York Stock Exchange under the ticker symbol MRT.

Latham & Watkins LLP represents Marti in the transaction with a corporate deal team led by Houston partner Ryan Maierson, Chicago partner Daniel Breslin and Washington, D.C. partner Paul Sheridan, with Chicago associates Jacob Saslow and Michael Magstadt. Advice was also provided on equity derivative matters by New York partner Reza Mojtabaee-Zamani, with New York associates Eric Rice, Kate Kim, and Kevin Zhang; on finance matters by Houston partner Catherine Ozdogan, with Houston associate Kirby Swartz; on tax matters by Washington, D.C. partner Nick DeNovio and New York partner Elena Romanova, with Washington, D.C. associate Pierce Pandolph; and on employee benefits matters by Century City partner Julie Crisp, with Los Angeles associate Courtney Thomson.