Business Wire·Apr 27, 2026, 6:00 AM ET

Marti Announces a New Share Repurchase Program

Marti Technologies, Inc. (NYSE: MRT) announced a new share repurchase program authorized by its Board of Directors.
The program allows the Company to repurchase up to $2.5 million of its outstanding Class A ordinary shares.
The repurchase program is valid until October 26, 2026, & replaces the prior program that expired on April 9, 2026.
A ceiling price of $6.00 per share has been established for the repurchases.
As of market close on April 24, 2026, Marti's share price was $2.11.
Repurchases may be conducted via privately negotiated or open-market transactions in compliance with Rule 10b-18 of the Securities Exchange Act of 1934.
The Board retains the authority to extend, increase, suspend, or discontinue the program at any time.
The timing & amount of repurchases depend on factors including intrinsic value, market price, economic conditions, liquidity, & compliance with debt agreements.
Marti is Türkiye's leading mobility super app, founded in 2018, offering ride-hailing, delivery, & rental services for e-mopeds, e-bikes, & e-scooters.