Marti Technologies, Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $167.8M
- Price
- $1.93
- % Change (Daily % change from the live per-ticker quote feed.)
- -1.53%
- Volume
- 16.5K
About
Marti Technologies Inc. (MRT), headquartered in Istanbul, Turkey, specializes in urban mobility. The company provides city-dwellers across Turkey with a range of transportation solutions via its proprietary mobile application. This platform offers access to a diverse fleet of shared electric vehicles, including e-mopeds, e-bikes, and e-scooters. Marti Technologies was established in 2018.
Quick stats
Shares outstanding87.0M
Computed float49.5M
Float / shares57.0%
Cash runway (months)23.8
Key info
SectorTechnology
IndustrySoftware - Application
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001852767
Websitehttps://www.marti.tech
AI Summary
AI-generated1/27
minorbullishbuyback
Marti Increases Share Repurchase Authorization to $5 Million and Extends Program Through April 2027
Marti Technologies' board doubled the authorization under its share repurchase program from $2.5 million to $5.0 million and extended the program through April 26, 2027, while maintaining the existing $6.00 per-share repurchase ceiling.
Approximately $3.8 million remains available under the program as of September 9, 2026, when Marti's shares closed at $2.13 per share.
Since initiating the buyback in January 2024, Marti has repurchased 795,467 Class A ordinary shares at an average price of $1.95, an aggregate outlay of roughly $1.6 million.
The expansion is a supportive capital-allocation signal for the micro-cap, though the absolute dollar size is small and historical execution has been slow relative to authorized capacity.
Red flags
- Historical buyback execution is slow: only ~$1.6 million deployed since January 2024, so the expanded authorization may be largely symbolic
- $6.00 per-share repurchase ceiling sits ~2.8x above the $2.13 closing price, giving management wide discretion on repurchase pricing
- Program can be modified, suspended, or discontinued by the Board at any time