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Türkiye's leading mobility super app Marti Technologies, Inc. ("Marti" or the "Company") (NYSE:MRT) today announced an amendment to extend its share repurchase program.
The Company's Board of Directors (the "Board") authorized a six month extension to its share repurchase program under which the Company may repurchase up to $2.5 million of its outstanding Class A ordinary shares until April 9, 2026. The share repurchase program was originally initiated on January 10, 2024 and was previously amended to extend the term until October 9, 2025. In addition, the Board maintained the ceiling price of up to $6.00 per share for the share repurchases. As of market close on October 1, 2025, the Company's share price was $2.00.
The amended repurchase program is effective immediately and is valid until April 9, 2026 (the "Repurchase Program"). Under the Repurchase Program, the Company may repurchase Class A ordinary shares in privately negotiated or open-market transactions in accordance with applicable securities laws and regulations, including Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The Board may periodically review the Repurchase Program and decide to extend its terms or increase the authorized amount. The Repurchase Program may also be suspended or discontinued by the Board at any time.
Posted In: MRT
