Marti Technologies Extends Share Repurchase Program
Ticker: MRT · Form: 6-K · Filed: Oct 2, 2025 · CIK: 1852767
Sentiment: neutral
Topics: share-repurchase, extension, company-update
TL;DR
Marti extends buyback program for 6 more months.
AI Summary
On October 1, 2025, Marti Technologies, Inc. announced that its board of directors has authorized a six-month extension for its share repurchase program. This extension allows the company to continue buying back its own shares for an additional period.
Why It Matters
Extending a share repurchase program can signal management's confidence in the company's valuation and its commitment to returning capital to shareholders.
Risk Assessment
Risk Level: low — The filing is a routine update on a previously announced share repurchase program extension, with no new financial or operational information provided.
Key Players & Entities
- Marti Technologies, Inc. (company) — Registrant
- October 1, 2025 (date) — Announcement date
- Galata Acquisition Corp. (company) — Former company name
FAQ
What is the primary purpose of this 6-K filing?
This 6-K filing is to report that Marti Technologies, Inc. announced an extension of its share repurchase program.
When was the extension of the share repurchase program announced?
The extension was announced on October 1, 2025.
What is the duration of the extension for the share repurchase program?
The board of directors authorized a six-month extension to the share repurchase program.
What was Marti Technologies, Inc. formerly known as?
Marti Technologies, Inc. was formerly known as Galata Acquisition Corp.
Under which SEC form does Marti Technologies, Inc. typically file annual reports?
Marti Technologies, Inc. files annual reports under cover of Form 20-F.
Filing Stats: 266 words · 1 min read · ~1 pages · Grade level 10 · Accepted 2025-10-02 06:17:24
Key Financial Figures
- $2.5 million — which the Company may repurchase up to $2.5 million of its outstanding Class A ordinary sha
- $6.00 — d maintained the ceiling price of up to $6.00 per share for the share repurchases. A
Filing Documents
- ea0259719-6k_marti.htm (6-K) — 17KB
- ea025971901ex99-1_marti.htm (EX-99.1) — 9KB
- 0001213900-25-094954.txt ( ) — 27KB
From the Filing
OF FOREIGN PRIVATE ISSUER UNITED 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. 1 EXHIBIT INDEX Exhibit No. Description of Exhibit 99.1 Press Release of Marti Technologies, Inc., dated October 2, 2025. 2 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 3