Marti Technologies repurchases 274,200 shares under $2.5M program

Marti Technologies, Inc. (NYSE American: MRT) has repurchased 274,200 ordinary shares at an average price of $2.25 per share since launching its share repurchase program on January 10, 2024, according to a company statement.

The total outlay for the repurchases amounts to $618,296. The program allows for up to $2.5 million in repurchases, with a ceiling price of $6.00 per share, and is set to run through October 26, 2026.

The Istanbul-based company operates a mobility app in Türkiye, offering ride-hailing, delivery, and rental services including e-mopeds, e-bikes, and e-scooters.

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