Marblegate Asset Management-backed Marblegate Capital Corporation to acquire DePalma Acquisition I LLC and DePalma Acquisition II LLC.

Marblegate Asset Management-backed Marblegate Capital Corporation, a special purpose acquisition company, agreed to acquire DePalma Acquisition I LLC and DePalma Acquisition II LLC, taxi services companies. Financial terms were not disclosed. “Marblegate entered the taxi industry seeking to stabilize the marketplace and drive positive change. This transaction builds on our dynamic track record and aims to transform and professionalize the underserved Taxi medallion market – driving additional investments that will appropriately value medallions, benefiting owners, drivers, and investors,” Andrew Milgram, MCC CEO.