Marti Technologies, Inc., Türkiye’s leading mobility super app and a publicly traded company on the NYSE American under the ticker symbol MRT, has announced the launch of a new share repurchase program, signaling management’s continued confidence in the company’s long-term growth strategy and financial outlook. The decision was approved by the Company’s Board of Directors and reflects Marti’s commitment to enhancing shareholder value while maintaining flexibility to invest in its expanding mobility ecosystem.
Under the newly authorized program, Marti may repurchase up to $2.5 million of its outstanding Class A ordinary shares through October 26, 2026. The announcement replaces the company’s previous share repurchase plan, which had originally been approved on January 10, 2024, and expired on April 9, 2026. By renewing and extending the initiative, Marti is reaffirming its belief that the company’s current market valuation may not fully reflect its intrinsic worth or long-term strategic potential.
The Board also established a maximum purchase price of $6.00 per share for any buybacks conducted under the program. This ceiling price is significantly above the company’s closing share price of $2.11 on April 24, 2026, suggesting that Marti’s leadership sees considerable upside potential in the stock. The gap between the current market price and the repurchase cap may indicate that management believes the market is undervaluing the business relative to its operational progress, market position, and future earnings potential.
The repurchase program became effective immediately upon announcement and will remain active until late October 2026, unless extended, modified, suspended, or terminated earlier by the Board. During this period, Marti will have the ability to buy back shares through open-market purchases or privately negotiated transactions, subject to applicable securities regulations. The company stated that all transactions will be carried out in accordance with relevant legal frameworks, including Rule 10b-18 under the Securities Exchange Act of 1934, which provides guidelines for companies conducting share repurchases in the United States.
Share repurchase programs are commonly used by public companies as a capital allocation tool. By buying back shares, a company reduces the number of shares outstanding in the market, which can improve earnings per share metrics and increase ownership concentration for remaining shareholders. Buybacks can also demonstrate confidence from leadership teams that believe their stock is trading below fair value.
For Marti, the timing of this program may be particularly significant. As one of Türkiye’s most recognized technology-driven mobility platforms, the company operates in a rapidly evolving transportation market that includes ride-hailing, micro-mobility, and integrated urban mobility solutions. Marti has established itself as a leader in the Turkish market through innovation, strong brand recognition, and a growing user base. The new repurchase plan may therefore be viewed as a sign that management believes the market has yet to fully appreciate the company’s competitive advantages.
Marti’s business model centers around providing convenient, app-based transportation solutions that connect users with multiple forms of mobility services. The company has played a pioneering role in introducing e-scooters and other shared transportation options in Türkiye while also broadening its platform to serve wider mobility needs. As cities increasingly seek smarter, greener, and more efficient transportation systems, Marti is positioned to benefit from long-term trends in urbanization, sustainability, and digital transformation.
The company’s Board noted that decisions regarding the timing and size of any share repurchases will remain at the discretion of management. Rather than committing to a fixed purchase schedule, Marti intends to evaluate market conditions and business priorities continuously. This flexible approach allows the company to act opportunistically when management believes repurchases would create value, while preserving capital when strategic investments or economic uncertainties warrant caution.
Several factors will influence Marti’s buyback decisions. These include management’s assessment of the intrinsic value of Marti’s Class A shares, prevailing market prices, broader economic and financial market conditions, and the company’s liquidity position. Marti also emphasized that repurchase activity will be subject to compliance with debt agreements, legal obligations, regulatory requirements, and the company’s broader capital allocation strategy.
This measured framework highlights the disciplined nature of the program. Rather than treating share repurchases as automatic or symbolic, Marti appears focused on balancing shareholder returns with long-term business growth. This is particularly important for technology-enabled mobility companies, which often require continued investment in software development, fleet expansion, marketing, customer acquisition, and operational scaling.
The renewed repurchase program may also help support market confidence during periods of share price volatility. Small-cap and growth-oriented companies frequently experience larger market swings than mature blue-chip firms, even when underlying business performance remains solid. In such environments, buybacks can provide a stabilizing effect by signaling that the company itself is willing to invest in its own shares when prices appear disconnected from fundamentals.
Marti’s decision to set a repurchase ceiling of $6.00 per share could become a key point of interest for investors. With the stock trading well below that level as of late April 2026, the authorized cap suggests that the Board sees meaningful long-term value creation potential. While no guarantee exists that the company will repurchase shares up to that level, the ceiling establishes a framework that gives management substantial room to execute purchases if market opportunities arise.
From a strategic standpoint, the announcement underscores Marti’s growing maturity as a listed public company. Since entering the public markets, the company has worked to build credibility with global investors while continuing to expand its presence in Türkiye’s mobility sector. Launching a new buyback plan demonstrates an increasing focus on shareholder returns and capital markets discipline in addition to operational growth.
Türkiye remains an attractive environment for digital mobility services. Large urban populations, increasing smartphone penetration, traffic congestion in major cities, and rising consumer demand for flexible transportation solutions all create favorable conditions for app-based mobility platforms. Marti’s established market presence gives it a strong foundation from which to capitalize on these trends.
At the same time, the mobility sector continues to evolve rapidly. Consumer expectations around convenience, affordability, safety, and sustainability are driving ongoing innovation. Companies that can integrate multiple transport options into seamless digital experiences are expected to gain a competitive edge. Marti’s identity as a “mobility super app” suggests an ambition to go beyond a single service offering and instead become a central platform for urban transportation needs.
The share repurchase authorization does not obligate Marti to purchase any specific number of shares. As with most programs of this kind, actual buyback activity may vary depending on market opportunities and company priorities. The Board also retains the right to review the program periodically and may choose to increase the authorized amount, extend the duration, or suspend the initiative if circumstances change.
For investors, the announcement can be interpreted as a positive signal of management confidence. Companies generally pursue repurchase programs when they believe their shares offer an attractive return relative to other uses of capital. In Marti’s case, the combination of a new authorization, a multi-month duration, and a price cap substantially above the recent market price may reinforce the perception that leadership sees untapped value in the business.
Looking ahead, Marti’s ability to execute on both growth and shareholder value initiatives will be closely watched. If the company continues to expand its user base, deepen engagement across services, and improve operating performance, the repurchase program could further enhance returns for long-term investors.
Ultimately, Marti’s new $2.5 million share repurchase program represents more than a routine corporate action. It reflects confidence in the company’s strategy, belief in the strength of its market position, and a disciplined approach to capital allocation. As Marti continues to shape the future of urban mobility in Türkiye, the buyback initiative provides another sign that the company is focused not only on innovation and growth, but also on delivering value to shareholders over time.
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