Turkish Bike-Riding App Marti to List in New York Via SPAC

Turkey’s electric scooter and bike-sharing app Marti is preparing to go public in New York through a merger with a blank-check company, Bloomberg reports, citing people with knowledge of the matter.

A deal with Galata Acquisition is expected to close this year.

Marti has raised $27 million from firms including BECO Capital, Endeavor Catalyst and Autotech Ventures. Read more.

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