Paul Hastings Advises Marblegate Capital Corp. and Marblegate Acquisition Corp. on Business Combination With DePalma Companies

Paul Hastings LLP advised Marblegate Capital Corporation (MCC) and Marblegate Acquisition Corporation (MAC) (Nasdaq: GATE), a publicly traded special purpose acquisition company sponsored by Marblegate Asset Management (Marblegate), on a business combination and merger with DePalma Acquisition I LLC and DePalma Acquisition II LLC, establishing a publicly listed, vertically integrated New York City taxi medallion lender and fleet operator. The common stock and warrants of MCC began trading on OTCQX Best Market on April 10, 2025, under the symbols MGTE and MGTEW, respectively.

MCC is the first and largest publicly traded, vertically integrated, full-service fleet operator and specialty finance lender in the New York City taxi market, leveraging Marblegate’s years of deep industry experience and expertise, strong portfolio and extensive in-house services to create a business that continues to transform and institutionalize the underserved taxi medallion market.

Partners Brandon Bortner and Brett Lawrence led the Paul Hastings team, which also included partners David Hearth, Jonathan Ko and Joseph Swanson and associates Ashley Jaber, Anna Barbosa, Max Roberts, Jason Schechter, Madeline Sullivan, Ruonan Song and Jonah Berger-Cahn. 

More details can be found here.

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