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Marti Technologies Receives $15M Capital Commitment

Marti Technologies Receives $15M Capital Commitment

Marti Technologies Inc (MRT) has released an update.

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Marti Technologies Inc. secures a $15 million commitment from Callaway Capital Management LLC for the subscription of convertible notes, as part of an agreement to bolster the company’s capital. The funds are to be delivered by the one-year anniversary of the agreement, with Callaway acting as the investment manager for Farragut, a fund with a liquid asset portfolio. This financial move is set to support Marti Technologies’ strategic growth initiatives and strengthen its investment capacity.

For further insights into MRT stock, check out TipRanks’ Stock Analysis page.

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