Marti Technologies (MRT) Extends Share Buyback

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Go back to Marti Technologies (MRT) Extends Share Buyback

Marti Announces Amendment to Extend its Share Repurchase Program

October 9, 2024 6:00 AM EDT

ISTANBUL--(BUSINESS WIRE)-- Türkiyes 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 Companys 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, 2025. The share repurchase program was originally initiated on January 10, 2024 and was previously amended to extend the term until October 9, 2024. In addition, the Board amended the ceiling price from $3.30... More