
Türkiye&#39;s leading mobility super app Marti Technologies, Inc. (&#34;Marti&#34; or the &#34;Company&#34;) (NYSE:MRT) today announced a new share repurchase program.


The Company&#39;s Board of Directors (the &#34;Board&#34;) authorized a new share

<p xmlns="http://www.w3.org/1999/xhtml">
Türkiye's leading mobility super app Marti Technologies, Inc. ("Marti" or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/MRT">MRT</a>) today announced a new share repurchase program.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The Company's Board of Directors (the "Board") authorized a new share repurchase program under which the Company may repurchase up to $2.5 million of its outstanding Class A ordinary shares until October 26, 2026 (the "Repurchase Program"). The Repurchase Program replaces the Company&#39;s prior share repurchase program, which was authorized on January 10, 2024 and expired on April 9, 2026. In addition, the Board established a ceiling price of $6.00 per share for the share repurchases. As of market close on April 24, 2026, the Company&#39;s share price was $2.11.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The Repurchase Program is effective immediately and is valid until October 26, 2026. 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.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The specific timing and amount of repurchases will be at the discretion of the Company's management team, and will depend on a variety of factors, including its assessment of the intrinsic value of the Company's Class A ordinary shares, the market price of the Company's Class A ordinary shares, general market and economic conditions, available liquidity, compliance with the Company's debt and other agreements, applicable legal, regulatory and contractual restrictions and the Company's capital and business strategy.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Marti:</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Founded in 2018, Marti is Türkiye's leading mobility app, offering a wide variety of transportation services. Marti operates a ride-hailing service that matches riders with car, motorcycle, and taxi drivers; offers delivery services; and operates a large fleet of rental e-mopeds, e-bikes, and e-scooters. All of Marti's offerings are serviced by proprietary software systems and IoT infrastructure. For more information, visit <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.marti.tech&amp;esheet=54523314&amp;newsitemid=20260427564608&amp;lan=en-US&amp;anchor=www.marti.tech&amp;index=1&amp;md5=ad01d2ff2a7b1613021eafe8c104917c" shape="rect">www.marti.tech</a>.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Cautionary Note Regarding Forward-Looking Statements:</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Certain statements made in this press release constitute forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements related to the Repurchase Program and the timing of share repurchases, if any. These forward-looking statements are based on management's current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including the risks discussed in the Company's filings with the U.S. Securities and Exchange Commission, including the Company's Annual Report on Form 20-F. Marti undertakes no obligation to update publicly any forward-looking statements, whether as a result of future events, new information or otherwise, except as required by law.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260427564608r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260427564608/en/" rel="nofollow">https://www.businesswire.com/news/home/20260427564608/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Investor Contact 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br>Marti Technologies, Inc.
<br xmlns="http://www.w3.org/1999/xhtml"></br>Turgut Yilmaz
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:Investor.relations@marti.tech" shape="rect">Investor.relations@marti.tech</a>

</p>

Marti Announces a New Share Repurchase Program

Marti Technologies Introduces $2.5 Million Share Buyback Program

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Türkiye&amp;#39;s leading mobility super app Marti Technologies, Inc. (&amp;#34;Marti&amp;#34; or the &amp;#34;Company&amp;#34;) (NYSE:MRT) today announced a new share repurchase program.


The Company&amp;#39;s Board of Directors (the &amp;#34;Board&amp;#34;) authorized a new share</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Marti Technologies has initiated a $2.5 million share repurchase program valid until October 2026, allowing buybacks at $6.00 per share. Given the current price of $2.11, this program indicates management&#039;s confidence in the company&#039;s valuation, which may boost investor sentiment and provide price support.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Marti Technologies announced a $2.5 million share repurchase program.</li><li>Repurchases can occur until October 26, 2026, at a max price of $6.00.</li><li>Current share price is $2.11, significantly below the repurchase ceiling.</li><li>Management will decide the timing and amount of share buybacks.</li><li>The program replaces an earlier one set to expire in April 2026.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Marti Technologies, Inc. (MRT)</strong>: Leading mobility app in Turkey, driving ongoing investor interest.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This news fits under &#039;Corporate Developments&#039; as it outlines a strategic financial decision by Marti. Such buyback programs can signal management&#039;s confidence and potentially stabilize or increase stock prices.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Company&#039;s share repurchase program enhances shareholder value amidst a low valuation.</li><li>Maximum repurchase price of $6.00 suggests strong buyback commitment.</li><li>Current trading price at $2.11 presents a significant discount to repurchase ceiling.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Marti&#039;s Board approved a $2.5 million repurchase program.</li><li>The repurchase program is effective immediately until October 26, 2026.</li><li>Prior share repurchase program expired on April 9, 2026.</li><li>Share buybacks can occur at a maximum price of $6.00.</li><li>Current share price is $2.11 as of April 24, 2026.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Marti Technologies (MRT) is a buy in the short term due to the repurchase program.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml">
Türkiye's leading mobility super app Marti Technologies, Inc. ("Marti" or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/MRT">MRT</a>) today announced a new share repurchase program.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The Company's Board of Directors (the "Board") authorized a new share repurchase program under which the Company may repurchase up to $2.5 million of its outstanding Class A ordinary shares until October 26, 2026 (the "Repurchase Program"). The Repurchase Program replaces the Company&#39;s prior share repurchase program, which was authorized on January 10, 2024 and expired on April 9, 2026. In addition, the Board established a ceiling price of $6.00 per share for the share repurchases. As of market close on April 24, 2026, the Company&#39;s share price was $2.11.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The Repurchase Program is effective immediately and is valid until October 26, 2026. 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.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The specific timing and amount of repurchases will be at the discretion of the Company's management team, and will depend on a variety of factors, including its assessment of the intrinsic value of the Company's Class A ordinary shares, the market price of the Company's Class A ordinary shares, general market and economic conditions, available liquidity, compliance with the Company's debt and other agreements, applicable legal, regulatory and contractual restrictions and the Company's capital and business strategy.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Marti:</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Founded in 2018, Marti is Türkiye's leading mobility app, offering a wide variety of transportation services. Marti operates a ride-hailing service that matches riders with car, motorcycle, and taxi drivers; offers delivery services; and operates a large fleet of rental e-mopeds, e-bikes, and e-scooters. All of Marti's offerings are serviced by proprietary software systems and IoT infrastructure. For more information, visit <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.marti.tech&amp;esheet=54523314&amp;newsitemid=20260427564608&amp;lan=en-US&amp;anchor=www.marti.tech&amp;index=1&amp;md5=ad01d2ff2a7b1613021eafe8c104917c" shape="rect">www.marti.tech</a>.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Cautionary Note Regarding Forward-Looking Statements:</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Certain statements made in this press release constitute forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements related to the Repurchase Program and the timing of share repurchases, if any. These forward-looking statements are based on management's current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including the risks discussed in the Company's filings with the U.S. Securities and Exchange Commission, including the Company's Annual Report on Form 20-F. Marti undertakes no obligation to update publicly any forward-looking statements, whether as a result of future events, new information or otherwise, except as required by law.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260427564608r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260427564608/en/" rel="nofollow">https://www.businesswire.com/news/home/20260427564608/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Investor Contact 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br>Marti Technologies, Inc.
<br xmlns="http://www.w3.org/1999/xhtml"></br>Turgut Yilmaz
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:Investor.relations@marti.tech" shape="rect">Investor.relations@marti.tech</a>

</p>

Marti Technologies has initiated a $2.5 million share repurchase program valid until October 2026, allowing buybacks at $6.00 per share. Given the current price of $2.11, this program indicates management's confidence in the company's valuation, which may boost investor sentiment and provide price support.

Marti Announces a New Share Repurchase Program

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

Related News