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Marti Increases Share Repurchase Authorization to $5 Million and Extends Program Through April 2027

  • Marti Technologies increased its share repurchase program authorization from $2.5 million to $5.0 million & extended the program through April 26, 2027.
  • The Board maintained the existing $6.00 per-share ceiling for repurchases while allowing flexibility based on market conditions.
  • Approximately $3.8 million remains available for repurchases as of September 9, 2026, when Marti's shares closed at $2.13 per share.
  • Since January 2024, Marti has repurchased 795,467 Class A ordinary shares at an average price of $1.95, totaling approximately $1.6 million.
  • Repurchases may occur via privately negotiated or open-market transactions in accordance with Rule 10b-18 & applicable securities laws.
  • The timing & amount of repurchases will be determined by management based on capital needs, liquidity, debt compliance, & broader business strategy.
  • Marti is Türkiye's leading mobility super app offering ride-hailing, delivery, & e-moped, e-bike, & e-scooter rentals via proprietary software & IoT infrastructure.