Marti Technologies Extends Share Buyback Plan

Dow Jones

Mar 25, 2025

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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