GATE · United States
Cash Position
The company has -2.6 months of cash left based on the quarterly cash burn of $298.283 k and estimated current cash of $-257.574 k
Commentary on Financial Condition
Marblegate Acquisition Corp. is facing significant financial challenges, including a liquidity issue that raises substantial doubt about its ability to continue as a going concern. The company has extended its deadline to complete a business combination to April 5, 2025, but if it fails to do so, it will face mandatory liquidation. Additionally, the company has issued several promissory notes to fund working capital, and its securities are at risk of delisting from Nasdaq due to non-compliance with listing rules., Filed At: 2024-11-08
Former Symbols
No former symbols for GATE
Nasdaq Compliance
Marblegate Acquisition Corp. has secured approval from the Nasdaq Hearings Panel to continue its listing on Nasdaq until March 31, 2025, contingent upon completing its business combination with DePalma Acquisition I LLC and DePalma Acquisition II LLC by that date. Failure to complete the business combination by March 31, 2025, may result in suspension from trading on Nasdaq. Filed At: 2025-01-02.
Previous Splits
Disclaimer: Data was sourced from filings using AI and may occasionally contain errors. Data is split adjusted
In the money
potentially in play
out of play
Pending Offering
Warrants
Convertibles
January 2025 - Promissory Note
$10.00
Marblegate Special Opportunities Master Fund, L.P.
The Note bears no interest and is due and payable upon the earlier to occur of the date on which the Company consummates its initial business combination and the date that the winding up of the Company is effective.
October 2024 - - Convertible Promissory Note
$10.00
Marblegate Special Opportunities Master Fund, L.P.
ATM
Shelf
Equity Line
Tokens
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