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Marti Announces Amendment to Extend Its Share Repurchase Program

1. Marti Technologies extends its share repurchase program by six months. 2. The program allows up to $2.5 million in buybacks until April 2026.

Shares Buyback
+17%Current Return
VS
+0.12%S&P 500
$210/02 06:16 AM EDTEvent Start
$2.3410/02 11:12 PM EDTLatest Updated
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FAQ

Why Bullish?

Share repurchase programs often indicate management's confidence in the company's future. Historical data shows that such actions can lead to price appreciation as supply decreases.

How important is it?

The announcement directly impacts MRT’s market perception and provides a tangible method of returning value to shareholders. This is likely to bolster investor confidence.

Why Short Term?

The immediate effect of buybacks tends to influence stock prices relatively quickly. As shares are repurchased, it can lead to increased demand in the short term.

Related Companies

AAPLTSLAAMZN
ISTANBUL--(BUSINESS WIRE)--Türkiye's leading mobility super app Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: 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 Ja.

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