Marti Technologies (MRT) extends $2.5M share repurchase plan

Rhea-AI Filing Summary

Marti Technologies, Inc. is extending its existing share repurchase program by six months. The board has authorized the company to continue buying back up to $2.5 million of its outstanding Class A ordinary shares until April 9, 2026. The program was first launched on January 10, 2024 and had already been extended once to October 9, 2025, so this decision adds more time rather than increasing the total authorized amount.

The board also kept in place a ceiling price of up to $6.00 per share for any repurchases, meaning the company will not pay more than that price when buying its stock under this program.

Form 6-K: How Foreign Companies Report to the SEC →

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of October 2025

Commission File Number: 001-40588

Marti Technologies, Inc.

Buyukdere Cd. No:237

Maslak, 34485

Sariyer/Istanbul, Türkiye

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. 

Form 20-F ☒ Form 40-F ☐

EXPLANATORY NOTE

On October 1, 2025, Marti Technologies, Inc. (the “Company”) issued a press release announcing that the board of directors of the Company 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, 2026. The share repurchase program was originally initiated on January 10, 2024 and was previously amended to extend the term until October 9, 2025. In addition, the Board maintained the ceiling price of up to $6.00 per share for the share repurchases. A copy of the Company’s press release is furnished hereto as Exhibit 99.1.

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EXHIBIT INDEX

Exhibit No.		Description of Exhibit
99.1		Press Release of Marti Technologies, Inc., dated October 2, 2025.

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	MARTI TECHNOLOGIES, INC.
Date: October 2, 2025	By:	/s/ Oguz Alper Öktem
		Name:	Oguz Alper Öktem
		Title:	Chief Executive Officer

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FAQ

What did Marti Technologies, Inc. (MRT) announce in this 6-K?

Marti Technologies, Inc. announced that its board of directors authorized a six month extension of the company’s share repurchase program for its Class A ordinary shares.

How much stock can Marti Technologies (MRT) repurchase under the program?

The company may repurchase up to $2.5 million of its outstanding Class A ordinary shares under the share repurchase program.

Until when is Marti Technologies’ share repurchase program now authorized?

The share repurchase program is now authorized until April 9, 2026, following the latest six month extension by the board of directors.

What is the maximum price Marti Technologies will pay per share in the buyback?

The board maintained a ceiling price of up to $6.00 per share for repurchases made under the share repurchase program.

When was Marti Technologies’ share repurchase program originally started and previously extended?

The share repurchase program was originally initiated on January 10, 2024 and was previously amended to extend its term until October 9, 2025 before this new extension.

What document provides more detail on Marti Technologies’ buyback extension?

Additional detail is provided in a press release of Marti Technologies, Inc. dated October 2, 2025, which is included as Exhibit 99.1.