Marti Announces Extended Share Repurchase Program Amidst Market Volatility

Marti Technologies, a leading mobility app in Türkiye, has amended its share repurchase program to extend the term until April 9, 2026. The program allows the company to repurchase up to $2.5 million of its outstanding Class A ordinary shares at a ceiling price of up to $6.00 per share. The specific timing and amount of repurchases will be at the discretion of the company's management team, depending on various factors such as market conditions and the company's capital and business strategy.

Marti Technologies, Inc. (NYSE American: MRT), a leading mobility app in Türkiye, has amended its share repurchase program to extend the term until April 9, 2026. The program allows the company to repurchase up to $2.5 million of its outstanding Class A ordinary shares at a ceiling price of up to $6.00 per share.

The original share repurchase program, initiated on January 10, 2024, was previously extended until October 9, 2025. The latest amendment, authorized by the company's Board of Directors, maintains the same cap on the repurchase amount and the maximum price per share. As of the market close on October 1, 2025, the company's share price was $2.00 Marti Announces Amendment to Extend Its Share Repurchase Program^[1].

The amended repurchase program, effective immediately, allows Marti to repurchase Class A ordinary shares through privately negotiated or open-market transactions, adhering to applicable securities laws and regulations, including Rule 10b-18 of the Securities Exchange Act of 1934. The timing and amount of repurchases will be determined by the company's management team, considering factors such as market conditions, the intrinsic value of the shares, available liquidity, compliance with debt and other agreements, and the company's capital and business strategy.

Marti Technologies was founded in 2018 and offers multiple transportation services, including ride-hailing and rental e-mopeds, e-bikes, and e-scooters, serviced by proprietary software systems and IoT infrastructure. For more information, visit www.marti.tech .

The forward-looking statements in this press release are subject to risks and uncertainties, including those discussed in the company's filings with the U.S. Securities and Exchange Commission, such as the risks associated with the repurchase program and market conditions.