Marti Technologies increased its share repurchase authorization from $2.5 million to $5.0 million and extended the program through April 26, 2027. The Board kept the $6.00 per-share ceiling, while approximately $3.8 million remains available, giving investors a larger authorized framework for potential Class A share repurchases.

Key Highlights

  • Marti Technologies kept the repurchase ceiling at $6.00 per share.
  • Approximately $3.8 million remains available under the program.
  • Share repurchase authorization increased from $2.5 million to $5.0 million.
  • Program extended through April 26, 2027, with the existing $6.00 per-share ceiling unchanged.

Marti Technologies, Inc. (AMEX: MRT) now has a $5.0 million share repurchase authorization, up from $2.5 million, with the program extended through April 26, 2027.

$5.0M Buyback Framework Extended

The revised authorization took effect immediately and remains available through April 26, 2027, unless the Board changes, pauses or ends it earlier. Repurchases may occur through privately negotiated or open-market transactions under applicable securities laws, including Rule 10b-18. Management will determine the timing and size of purchases based on Capital needs, liquidity, market conditions, the Market Price of Class A ordinary shares, Debt agreements and other legal or contractual limits. The Board can also review the program periodically and modify, extend, suspend or discontinue it. The existing $6.00 per-share ceiling remains unchanged. Those purchases represented an aggregate price of approximately $1.6 million.