===============================================================================

                          

                                 UNITED STATES                                 

                      SECURITIES AND EXCHANGE COMMISSION                       

                            WASHINGTON, D.C. 20549                             

                          

                                 SCHEDULE 13G/A                                 

                          

                   Under the Securities Exchange Act of 1934                   

                               (Amendment No. 2)*                             

                        

                          

MARTI TECHNOLOGIES, INC. (FORMERLY KNOWN AS GALATA ACQUISITION CORP.)

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                               (Name of Issuer)                                

                          

                          

Class A ordinary shares, par value $0.0001 per share

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                        (Title of Class of Securities)                         

                          

 

                                  573134103

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                                (CUSIP Number)                                 

                          

 

December 31, 2023

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            (Date of Event Which Requires Filing of This Statement)            

                          

Check the appropriate box to designate the rule pursuant to which this Schedule

is filed:                  

                            [ ] Rule 13d-1(b)                                  

                            [X] Rule 13d-1(c)                                  

                            [ ] Rule 13d-1(d)                                  

                                      

* The remainder of this cover page shall be filled out for a reporting person's

initial filing on this form with respect to the subject class of securities, and

for any subsequent   amendment   containing   information  which  would  alter

disclosures provided in a prior cover page.                                     

                          

The information required on the remainder of this cover page shall not be deemed

to be "filed" for the purpose of Section 18 of the  Securities  Exchange  Act of

1934 ("Act") or otherwise subject to the liabilities of that section of the Act

but shall be  subject  to all other  provisions  of the Act  (however, see the

Notes).


CUSIP NO. 573134103SCHEDULE 13G/A 


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1.               NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION       

                 NO. OF ABOVE PERSON                                          

                          

                 WEISS ASSET MANAGEMENT LP                                  

--------------------------------------------------------------------------------

2.                CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*   

                (A) [ ]  

                (B) [ ]   

--------------------------------------------------------------------------------

3.                SEC USE ONLY                                                 

                          

                          

--------------------------------------------------------------------------------

4.                CITIZENSHIP OR PLACE OF ORGANIZATION                         

                          

                 DELAWARE

--------------------------------------------------------------------------------

                              5.     SOLE VOTING POWER                        

                          

                                     0                                        

  NUMBER OF                  --------------------------------------------------

   SHARES                     6.     SHARED VOTING POWER                      

BENEFICIALLY              

OWNED BY                           1,443,713(1)(2)(3)              

EACH                      --------------------------------------------------

 REPORTING                    7.     SOLE DISPOSITIVE POWER                  

  PERSON                  

   WITH:                             0                                       

                             --------------------------------------------------

                              8.     SHARED DISPOSITIVE POWER                

                          

                                     1,443,713(1)(2)(3)

--------------------------------------------------------------------------------

9.                AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                          

                 1,443,713(1)(2)(3)

--------------------------------------------------------------------------------

10.               CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES        

                 CERTAIN SHARES*                                          [ ]

--------------------------------------------------------------------------------

11.               PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)           

                          

                 2.50%(4)     

--------------------------------------------------------------------------------

12.               TYPE OF REPORTING PERSON*                                  

                          

                 IA – Investment Adviser     

                       

(1)The inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all the reported securities for purposes of this Schedule 13G/A or for any other purpose. 

(2)Includes 731,272 Class A Ordinary Shares and 712,441 Class A Ordinary Shares issuable to the Reporting Persons upon the conversion of the Convertible Notes of the Issuer without exceeding the Beneficial Ownership Limitation  


CUSIP NO. 573134103SCHEDULE 13G/A 


agreement on behalf Weiss Asset Management LP and the Issuer, referred to herein as the Beneficial Ownership Limitation.

(3)Excludes Class A Ordinary Shares issuable to the Reporting Persons upon the conversion of the Convertible Notes that would exceed the Beneficial Ownership Limitation.
(4) See Item 4. 

 

--------------------------------------------------------------------------------

1.               NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION       

                 NO. OF ABOVE PERSON                                          

                          

                 BIP GP LLC                                  

--------------------------------------------------------------------------------

2.                CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*   

                (A) [ ]  

                (B) [ ]   

--------------------------------------------------------------------------------

3.                SEC USE ONLY                                                 

                          

                          

--------------------------------------------------------------------------------

4.                CITIZENSHIP OR PLACE OF ORGANIZATION                         

                          

                 DELAWARE

--------------------------------------------------------------------------------

                              5.     SOLE VOTING POWER                        

                          

                                     0                                        

  NUMBER OF                  --------------------------------------------------

   SHARES                     6.     SHARED VOTING POWER                      

BENEFICIALLY              

OWNED BY                          745,671(1)(2)(3)              

EACH                      --------------------------------------------------

 REPORTING                    7.     SOLE DISPOSITIVE POWER                  

  PERSON                  

   WITH:                             0                                       

                             --------------------------------------------------

                              8.     SHARED DISPOSITIVE POWER                

                          

                                     745,671(1)(2)(3)

--------------------------------------------------------------------------------

9.                AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                          

                 745,671(1)(2)(3)

--------------------------------------------------------------------------------

10.               CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES        

                 CERTAIN SHARES*                                          [ ]

--------------------------------------------------------------------------------

11.               PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)           

                          

                 1.29%(4)

--------------------------------------------------------------------------------

12.               TYPE OF REPORTING PERSON*                                  

                          

                 00 – Limited Liability Company

                           


CUSIP NO. 573134103SCHEDULE 13G/A 


(1)The inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all the reported securities for purposes of this Schedule 13G/A or for any other purpose. 

(2)Includes 460,695 Class A Ordinary Shares and 284,976 Class A Ordinary Shares issuable to the Reporting Persons upon the conversion of the Convertible Notes without exceeding the Beneficial Ownership Limitation. 

(3)Excludes Class A Ordinary Shares issuable to the Reporting Persons upon the conversion of the Convertible Notes that would exceed the Beneficial Ownership Limitation.
(4) See Item 4. 

 

--------------------------------------------------------------------------------

1.               NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION       

                 NO. OF ABOVE PERSON                                          

                          

                 WAM GP LLC                                  

--------------------------------------------------------------------------------

2.                CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*   

                (A) [ ]  

                (B) [ ]   

--------------------------------------------------------------------------------

3.                SEC USE ONLY                                                 

                          

                          

--------------------------------------------------------------------------------

4.                CITIZENSHIP OR PLACE OF ORGANIZATION                         

                          

                 DELAWARE

--------------------------------------------------------------------------------

                              5.     SOLE VOTING POWER                        

                          

                                     0                                        

  NUMBER OF                  --------------------------------------------------

   SHARES                     6.     SHARED VOTING POWER                      

BENEFICIALLY              

OWNED BY                          1,443,713(1)(2)(3)             

EACH                      --------------------------------------------------

 REPORTING                    7.     SOLE DISPOSITIVE POWER                  

  PERSON                  

   WITH:                             0                                       

                             --------------------------------------------------

                              8.     SHARED DISPOSITIVE POWER                

                          

                                     1,443,713(1)(2)(3)

--------------------------------------------------------------------------------

9.                AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                          

                1,443,713(1)(2)(3)

--------------------------------------------------------------------------------

10.               CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES        

                 CERTAIN SHARES*                                          [ ]

--------------------------------------------------------------------------------

11.               PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)           

                          

                 2.50%(4)     

--------------------------------------------------------------------------------


CUSIP NO. 573134103SCHEDULE 13G/A 


12.               TYPE OF REPORTING PERSON*                                  

                          

                 HC – Parent Holding Company/Control Person                            

 

(1)The inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all the reported securities for purposes of this Schedule 13G/A or for any other purpose. 

(2)Includes 731,272 Class A Ordinary Shares and 712,441 Class A Ordinary Shares issuable to the Reporting Persons upon the conversion of the Convertible Notes without exceeding the Beneficial Ownership Limitation. 

(3)Excludes Class A Ordinary Shares issuable to the Reporting Persons upon the conversion of the Convertible Notes that would exceed the Beneficial Ownership Limitation.
(4) See Item 4. 

 

--------------------------------------------------------------------------------

1.               NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION      

                 NO. OF ABOVE PERSON                                         

                          

                 ANDREW M. WEISS, PH.D.                                      

--------------------------------------------------------------------------------

2.                CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*   

                 (A) [ ]

                 (B) [ ]   

--------------------------------------------------------------------------------

3.                SEC USE ONLY                                                

                          

                          

--------------------------------------------------------------------------------

4.                CITIZENSHIP OR PLACE OF ORGANIZATION                        

                          

                 USA      

--------------------------------------------------------------------------------

                              5.     SOLE VOTING POWER                       

                          

                                     0                                       

  NUMBER OF                  --------------------------------------------------

   SHARES                     6.     SHARED VOTING POWER                      

BENEFICIALLY              

OWNED BY                          1,443,713(1)(2)(3)             

EACH                      --------------------------------------------------

 REPORTING                    7.     SOLE DISPOSITIVE POWER                  

  PERSON                  

   WITH:                             0                                       

                             --------------------------------------------------

                              8.     SHARED DISPOSITIVE POWER               

                          

                                     1,443,713(1)(2)(3)

--------------------------------------------------------------------------------

9.                AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                          

                 1,443,713(1)(2)(3)

--------------------------------------------------------------------------------

10.               CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES       


CUSIP NO. 573134103SCHEDULE 13G/A 


                 CERTAIN SHARES*                                          [ ]

--------------------------------------------------------------------------------

11.               PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)           

                          

                 2.50%(4)

--------------------------------------------------------------------------------

12.               TYPE OF REPORTING PERSON*                                  

                          

                 HC – Parent Holding Company/Control Person       

 

(1)The inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all the reported securities for purposes of this Schedule 13G/A or for any other purpose. 

(2)Includes 731,272 Class A Ordinary Shares and 712,441 Class A Ordinary Shares issuable to the Reporting Persons upon the conversion of the Convertible Notes without exceeding the Beneficial Ownership Limitation. 

(3)Excludes Class A Ordinary Shares issuable to the Reporting Persons upon the conversion of the Convertible Notes that would exceed the Beneficial Ownership Limitation.
(4) See Item 4. 

 

--------------------------------------------------------------------------------

 

ITEM 1.                    

                          

(a)Name of Issuer:  MARTI TECHNOLOGIES, INC.  

(FORMERLY KNOWN AS GALATA ACQUISITION CORP.)

                        ------------------------------------------------

                         

     (b) Address of Issuer's Principal Executive Offices:    

Buyukdere Cd. No:237
Maslak, 34485
Sariyer/Istanbul, Türkiye

              ------------------------------------------------                   ITEM 2.                     

                          

     (a) and (c): Name and Citizenship of Persons Filing:                    

                          

(i)  BIP GP LLC, a Delaware limited liability company (“BIP GP”).

(ii)  Weiss Asset Management LP, a Delaware limited partnership ("Weiss        Asset Management").

(iii)  WAM GP LLC, a Delaware limited liability company (“WAM GP”).

      (iv) Andrew M. Weiss, Ph.D., a United States citizen (“Andrew Weiss”).      

                          

     (b):  Address of Principal Business Office:                            

                          

     BIP GP, Weiss Asset Management, WAM GP, and Andrew Weiss have a business    

     address of 222 Berkeley St., 16th floor, Boston, Massachusetts 02116

                          

     (d) Title of Class of Securities: Class A ordinary shares, par value $0.0001 per share

        -------------------------------------                         

     (e) CUSIP Number: 573134103

                      ------------------                      

            


CUSIP NO. 573134103SCHEDULE 13G/A 


ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B), CHECK

       WHETHER THE PERSON FILING IS A:                                         

                          

    (a)  [ ] Broker or Dealer registered under Section 15 of the Act           

             (15 U.S.C. 78o).                                                  

    (b)  [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).    

    (c)  [ ] Insurance Company as defined in section 3(a)(19) of the Act       

             (15 U.S.C. 78c).                                                  

    (d)  [ ] Investment  Company  registered  under section 8 of the Investment

             Company Act of 1940 (15 U.S.C. 80a-8).                            

    (e)  [ ] Investment  Adviser registered under section 203 of the Investment

             Advisers Act or under the laws of any State                       

    (f)  [ ] Employee  Benefit  Plan,  Pension  fund  which is  subject to the

             provisions of the Employee  Retirement  Income Security Act of    

             1974 or Endowment Fund; see Section 240.13d-1(b)(1)(ii)(F)        

    (g)  [ ] A Parent Holding Company  or  control  person, in  accordance with

             Section 240.13d-1(b)(ii)(G)                     

    (h)  [ ] A Savings  Association  as defined in Section  3(b) of the Federal

             Deposit Insurance Act (12 U.S.C. 1813)                            

    (i)  [ ] A  Church  Plan  that  is  excluded  from  the  definition  of  an

             investment  company under Section  3(c)(14) of the Investment     

             Company Act of 1940 (15 U.S.C. 80a-3)                             

    (j)  [ ] Group, in accordance with Section 240.13d-1(b)(1)(ii)(J)          

 

 

ITEM 4.   OWNERSHIP        

                          

 

WEISS ASSET MANAGEMENT LP*                                             

     (a) Amount Beneficially Owned:  1,443,713(1)(2)(3)

                                    -------------------------------------------

     (b) Percent of Class:  2.50%(4)                                               

                           ----------------------------------------------------

     (c) Number of shares as to which such person has:                         

                          

       (i)   sole power to vote or to direct the vote:   0                    

                                                        -----------------------

       (ii)  shared power to vote or to direct the vote:  1,443,713(1)(2)(3)

                                                          ---------------------

       (iii) sole power to dispose or to direct the disposition of:  0         

                                                                     ----------

       (iv)  shared power to dispose or to direct the disposition of:      

  1,443,713(1)(2)(3)

                                                                      ----------  

BIP GP*                                             

     (a) Amount Beneficially Owned:  745,671(1)(2)(3)

                                    -------------------------------------------

     (b) Percent of Class:  1.29%(4)                                               

                           ----------------------------------------------------

     (c) Number of shares as to which such person has:                         

                          

       (i)   sole power to vote or to direct the vote:   0                    

                                                        -----------------------

       (ii)  shared power to vote or to direct the vote:  745,671(1)(2)(3)

                                                          ---------------------

       (iii) sole power to dispose or to direct the disposition of:  0         


CUSIP NO. 573134103SCHEDULE 13G/A 


                                                                     ----------

       (iv)  shared power to dispose or to direct the disposition of:            745,671(1)(2)(3)                                                                           

   ----------                                 

 

WAM GP*                         

     (a) Amount Beneficially Owned:  1,443,713(1)(2)(3)

                                    -------------------------------------------

     (b) Percent of Class:  2.50%(4)                                           

                           ----------------------------------------------------

     (c) Number of shares as to which such person has:                         

                          

       (i)  sole power to vote or to direct the vote:    0                    

                                                       ------------------------

       (ii) shared power to vote or to direct the vote:  1,443,713(1)(2)(3)

       ----------------------- 

       (iii) sole power to dispose or to direct the disposition of:   0         

                  ----------- 

       (iv) shared power to dispose or to direct the disposition of: 1,443,713(1)(2)(3) 

 

 

ANDREW M. WEISS, PH.D.*                         

     (a) Amount Beneficially Owned:  1,443,713(1)(2)(3)

                                    -------------------------------------------

     (b) Percent of Class:  2.50%(4)                                           

                           ----------------------------------------------------

     (c) Number of shares as to which such person has:                         

                          

       (i)  sole power to vote or to direct the vote:    0                    

                                                       ------------------------

       (ii) shared power to vote or to direct the vote:  1,443,713(1)(2)(3)

       ----------------------- 

       (iii) sole power to dispose or to direct the disposition of:   0         

                  ----------- 

       (iv) shared power to dispose or to direct the disposition of:          1,443,713(1)(2)(3) 

                                                                     -----------

(1)The inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all the reported securities for purposes of this Schedule 13G/A or for any other purpose. 

(2)Includes 731,272 Class A Ordinary Shares and 712,441 Class A Ordinary Shares issuable to the Reporting Persons upon the conversion of the Convertible Notes without exceeding the Beneficial Ownership Limitation. 

(3)Excludes Class A Ordinary Shares issuable to the Reporting Persons upon the conversion of the Convertible Notes that would exceed the Beneficial Ownership Limitation.
(4) The percentages reported in this Schedule 13G/A are based upon 57,748,535 Class A Ordinary Shares outstanding as of December 31, 2023, as calculated from 57,036,094 Class A Ordinary Shares as confirmed by the Issuer, plus 712,441 Class A Ordinary Shares issuable to the Reporting Persons upon the conversion of the Convertible Notes without exceeding the Beneficial Ownership Limitation. 

 

-----------------------    

* Shares reported for BIP GP include shares beneficially owned by a private investment partnership (the “Partnership”) of which BIP GP is the sole general


CUSIP NO. 573134103SCHEDULE 13G/A 


partner. Weiss Asset Management is the sole investment manager to the Partnership. WAM GP is the sole general partner of Weiss Asset Management. Andrew Weiss is the managing member of WAM GP and BIP GP. Shares reported for WAM GP, Andrew Weiss and Weiss Asset Management include shares beneficially owned by the Partnership (and reported above for BIP GP).

 

Each of BIP GP, WAM GP, Weiss Asset Management, and Andrew Weiss disclaims beneficial ownership of the shares reported herein as beneficially owned by each except to the extent of their respective pecuniary interest therein.

 

 

ITEM 5.   OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS                         

                          

        If this statement is being filed to report the fact that as of the date

hereof the reporting person has ceased to be the beneficial owner of more than

five percent of the class of securities, check the following [X].

                          

                          

ITEM 6.   OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON       

                  

     Not Applicable      

        

                          

ITEM 7.  IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE

        SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL

        PERSON                              

     See Item 4.       

                          

                          

ITEM 8.   IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP              

     Not Applicable      

 

ITEM 9.   NOTICE OF DISSOLUTION OF GROUP                                                              

     Not Applicable                                  


CUSIP NO. 573134103SCHEDULE 13G/A 


ITEM 10.  CERTIFICATION    

                          

By signing below I certify that, to the best of my knowledge and belief, the

securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

ITEM 11.  MATERIALS TO BE FILED AS EXHIBITS

 

Exhibit 1Joint Filing Agreement     

 

 SIGNATURE                                   

                          

After reasonable inquiry and to the best of my knowledge and belief, I hereby

certify that the information set forth in this statement is true, complete and

correct.                   

                          

Dated:  February 9, 2024     

                          WEISS ASSET MANAGEMENT LP            

 

By:  /s/ Mary Ferruolo              

-----------------------------------

Mary Ferruolo, Authorized Signatory

 

 

BIP GP LLC            

 

By:  /s/ Mary Ferruolo              

-----------------------------------

Mary Ferruolo, Authorized Signatory

 

 

WAM GP LLC

   

By:  /s/ Mary Ferruolo              

-----------------------------------

Mary Ferruolo, Authorized Signatory

 

 

ANDREW M. WEISS, PH.D.                         

   

By:  /s/ Mary Ferruolo              

-----------------------------------

Mary Ferruolo, Attorney-in-Fact for Andrew Weiss***

 

_____

***Duly authorized under Power of Attorney incorporated herein by reference to the exhibit to the Form 13G/A filed by Weiss Asset Management LP on February 3, 2023 in respect of its holding in DEEP MEDICINE ACQUISITION CORP.


CUSIP NO. 573134103SCHEDULE 13G/A 


Exhibit 1

 

JOINT FILING AGREEMENT

 

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, Weiss Asset Management LP, BIP GP LLC, WAM GP LLC, and Andrew M. Weiss, hereby agree to the joint filing on behalf of each of them of a statement on Schedule 13G and/or 13D (including any and all amendments thereto) with respect to the Class A ordinary shares, par value $0.0001 per share of GALATA ACQUISITION CORP., and further agree that this Joint Filing Agreement, as may be amended from time to time, shall be included as an Exhibit to such joint filings.

 

The undersigned further agree that each party hereto is responsible for the timely filing of such Statement on Schedule 13G and/or 13D and any amendments thereto, and for the accuracy and completeness of the information concerning such party contained therein; provided, however, that no party is responsible for the accuracy or completeness of the information concerning any other party, unless such party knows or has reason to believe that such information is inaccurate.

 

This Joint Filing Agreement may be signed in counterparts with the same effect as if the signature on each counterpart were upon the same instrument.

 

IN WITNESS WHEREOF, the undersigned have executed this Agreement as of July 16, 2021. 

 

                          WEISS ASSET MANAGEMENT LP            

 

By:  /s/ Georgiy Nikitin              

-----------------------------------

Georgiy Nikitin, Chief Compliance Officer

 

 

BIP GP LLC            

 

By:  /s/ Georgiy Nikitin              

-----------------------------------

Georgiy Nikitin, Chief Compliance Officer

 

                                                                                                        

WAM GP LLC

   

By:  /s/ Georgiy Nikitin              

-----------------------------------

Georgiy Nikitin, Chief Compliance Officer

 

 

ANDREW M. WEISS, PH.D.                         

   

By:  /s/ Georgiy Nikitin              

-----------------------------------

Georgiy Nikitin, Attorney-in-Fact for Andrew Weiss**

 

_____

** Duly authorized under Power of Attorney incorporated herein by reference to the exhibit to the Form 13G/A filed by Weiss Asset Management LP on January 25, 2017 in respect of its holding in Quinpario Acquisition Corp. 2.