Form 4: Marblegate Capital Corp: Executive Paul Arrouet Reports Significant Share Transactions Following Sponsor Distribution

Paul Arrouet, President of Marblegate Capital Corp, reports acquisition and disposal of common stock and warrants following a distribution by Marblegate Acquisition LLC.

Summary

• Paul Arrouet, President of Marblegate Capital Corp, filed a Form 4 detailing changes in beneficial ownership.
• The filing reports transactions occurring on April 17, 2025, related to a distribution by Marblegate Acquisition LLC (the 'Sponsor') to its members.
• Arrouet indirectly acquired 3,878,216 shares of common stock and warrants to buy 165,463 shares through Marblegate Special Opportunities Master Fund, L.P. ('MSOMF').
• He also indirectly acquired 843,947 shares through Marblegate Cobblestone Master Fund I, L.P.
• Arrouet also disposed of 5,289,072 shares of common stock as part of the Sponsor's distribution.
• Following these transactions, Arrouet indirectly beneficially owns 13,556,794 shares through MSOMF and 10,424,568 shares through Marblegate Cobblestone Master Fund I, L.P.
• He also indirectly owns 165,463 warrants through MSOMF with an exercise price of $11.50, exercisable between May 7, 2025 and April 7, 2030.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• Shareholders are informed about changes in ownership by a key executive.
• The distribution of shares by the Sponsor may impact the overall shareholder base.

Key Dates

Keywords

beneficial ownership, Form 4, Marblegate Capital Corp, Paul Arrouet, common stock, warrants, distribution, Marblegate Acquisition LLC, MSOMF, Marblegate Cobblestone Master Fund I, L.P.