Marti Technologies announces three-month extension to share repurchase program

Marti Technologies announced an amendment to its share repurchase program. The company’s board authorized a three-month extension to its original six-month share repurchase program under which the company may repurchase up to $2.5M of its outstanding Class A ordinary shares, which was originally initiated on January 10. In addition, the board set a ceiling price of $3.30 per share for the share repurchases, giving the company the ability to perform share repurchases up to a maximum share price of $3.30. As of market close on April 24, the company’s share price was $1.53. The amended repurchase program is effective immediately and is valid until October 9.