New updates have been reported about Marblegate Capital Corporation.
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Marblegate Capital Corporation (OTCQX: MGTE), a leading vertically integrated fleet operator and specialty finance lender in the New York City taxi market, has secured approximately $137 million in new financing to support the growth of its operating platform, Signal Taxi, and broader strategic initiatives. The package consists of a $120 million revolving credit facility closed on December 30, 2025, with DZ Bank’s New York Branch as administrative agent, and a separate $17.2 million term loan closed on December 31, 2025, with Auxilior Capital Partners to fund additional strategic growth opportunities. This capital is intended to modernize and expand Signal Taxi’s fleet, increase Marblegate’s holdings of taxi medallions and wheelchair accessible vehicles (WAVs), enhance programs focused on driver experience, and support general corporate purposes, positioning the company to further institutionalize and consolidate its role in the NYC taxi ecosystem.
In 2025, Signal Taxi and its partners added more vehicles than any other taxi fleet operator in New York City, including more than one-third of all new WAVs, underscoring Marblegate’s scale and regulatory alignment as the city pushes for more accessible transportation options. The company also plans to open two additional Taxi Clubhouses in New York City in the coming months, expanding on a driver-focused model launched in 2023 with its first clubhouse in Chelsea, designed to improve driver retention, productivity, and satisfaction. Marblegate believes it is the largest publicly traded company of its kind in the NYC taxi market, with a loan portfolio collateralized by nearly 1,700 medallions and direct ownership of over 2,000 medallions as of September 30, 2025. Leveraging the expertise of its external manager, Marblegate Asset Management, and its prior leadership role in the NYC MRP+ medallion debt relief program, the company is using its expanded balance sheet capacity to drive industry recovery, scale its fleet operations, and pursue new growth avenues that could further entrench its competitive position and earnings potential in the recovering medallion-based taxi sector.