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Marti Announces Amendment to Extend Its Share Repurchase Program

  • Marti Technologies extended its share repurchase program for six months until April 9, 2026.
  • The Board authorized the Company to repurchase up to $2.5 million of outstanding Class A ordinary shares.
  • The ceiling price for repurchases remains set at $6.00 per share.
  • The original program initiated on January 10, 2024, was previously extended to October 9, 2025.
  • Repurchases will be conducted via privately negotiated or open-market transactions in compliance with Rule 10b-18.
  • The Company's share price closed at $2.00 on October 1, 2025.
  • The Board may suspend, discontinue, or modify the program terms at any time based on market conditions, liquidity, or business strategy.
  • Marti is Türkiye's leading mobility app founded in 2018, offering ride-hailing, e-moped, e-bike, & e-scooter services.