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Marblegate Capital (OTCQX: MGTE) has appointed Meera Joshi to its Board of Directors. Joshi brings significant transportation policy expertise as the former First Deputy Mayor for Operations and ex-CEO/Chair of the NYC Taxi and Limousine Commission. She joins existing board members Harvey Golub, Andrew Milgram, Sarah Feinberg, and Frederick Herbst.
Joshi's extensive background includes serving as Administrator of USDOT's Federal Motor Carrier Safety Administration and implementing key transportation policies such as the first for-hire driver pay protection program. During her tenure at the NYC Taxi and Limousine Commission (2014-2019), she established open transportation data standards and improved wheelchair-accessible transportation.
MCC positions itself as the largest publicly traded, vertically integrated fleet operator and specialty finance lender in the NYC taxi market. The company played a important role in implementing the NYC MRP+ medallion debt relief program to address predatory lending practices affecting drivers.
Marblegate Capital (MGTE) has completed its business combination with Marblegate Acquisition Corp. (formerly GATE) and DePalma Companies, establishing the first publicly traded, vertically integrated NYC taxi medallion lender and fleet operator. The company's common stock and warrants began trading on the OTCQX® Best Market under symbols MGTE and MGTEW on April 10, 2025.
The company holds a significant market position with a loan portfolio collateralized by over 1,700 medallions and ownership of more than 2,000 medallions, making it the largest lender and owner of NYC taxi medallions. Marblegate played a important role in implementing the NYC MRP+ medallion debt relief program, aimed at providing financial relief to drivers affected by predatory lending practices.
