Marti Technologies Extends Share Buyback Plan

Dow Jones

2025/03/25

By Stephen Nakrosis

Marti Technologies said its board approved an extension and increase to its previously announced share repurchase program.

The mobility app provider said its board approved a six-month extension to the share repurchase plan, under which the company may buy up to $2.5 million of outstanding Class A ordinary shares. The authorization runs until Oct. 9.

The announcement, which was made after the bell, came on a day when the company's shares gained over 25% in the regular trading session, and closed at $3.61. Volume in the session topped 187,000 shares, above the stock's 65-day average volume of 51, 283 shares.

After hours, the stock was down almost 7%, trading at $3.36.

Marti Technologies has 57.36 million shares outstanding and a public float of 20.14 million shares.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

March 24, 2025 17:42 ET (21:42 GMT)

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