Marti Technologies Extends Share Repurchase Program by Six Months to October 2026, Authorizing $2.5 Million in Repurchases

Marti Technologies has extended its share repurchase program by six months until October 9, 2026. The mobility superapp company may repurchase up to $2.5 million of its outstanding Class A ordinary shares until April 9, 2026. This extension allows Marti to continue buying back its shares and potentially impact its stock price.

Türkiye’s leading mobility super app, Marti Technologies, Inc. (NYSE American: MRT), has announced an extension to its share repurchase program. The company’s board of directors authorized a six-month extension, allowing Marti to repurchase up to $2.5 million of its outstanding Class A ordinary shares until April 9, 2026. This extension follows an initial program launched on January 10, 2024, and previously amended to extend until October 9, 2025 Marti Announces Amendment to Extend Its Share Repurchase Program^[1].

The repurchase program, effective immediately, allows Marti to buy back shares through private negotiations or open-market transactions in compliance with securities laws, including Rule 10b-18 of the Securities Exchange Act of 1934 Marti extends share buyback program until April 2026^[2]. The maximum purchase price per share remains at $6.00, significantly above the current market price of $2.00 as of October 1, 2025 Marti Announces Amendment to Extend Its Share Repurchase Program^[1].

The extension provides Marti with additional flexibility to manage its share capital. Management will determine the specific timing and amount of repurchases based on factors such as the intrinsic value of the shares, market conditions, available liquidity, and the company’s business strategy. The board retains the authority to review the program periodically and may extend its terms, increase the authorized amount, or suspend or discontinue it at any time.

Marti’s recent financial performance highlights its growth in the mobility sector. The company reported a 70% year-over-year revenue growth for the first half of 2025, driven by the expansion of its ride-hailing business and entry into six new cities Marti extends share buyback program until April 2026^[2]. Additionally, Marti was included in the S&P Global Broad Market Index, reflecting its growing presence in the global market Marti extends share buyback program until April 2026^[2].