Welcome to our dedicated page for Marti Technologies news (Ticker: MRT), a resource for investors and traders seeking the latest updates and insights on Marti Technologies stock.
Marti Technologies Inc (MRT) delivers electric urban mobility solutions through its integrated fleet of e-mopeds, e-bikes, and e-scooters powered by proprietary IoT systems. This dedicated news hub provides investors and industry observers with verified updates on corporate developments, financial performance, and technological advancements.
Access real-time announcements including quarterly earnings, strategic partnerships, fleet expansion initiatives, and sustainability progress. Our curated repository ensures transparent access to press releases, regulatory filings, and operational milestones directly from Marti Technologies.
Key coverage areas include technology innovations in vehicle connectivity, market expansion updates across urban centers, and financial disclosures critical for informed analysis. Bookmark this page for streamlined tracking of MRT's evolving position in the competitive micromobility sector.
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Marti Technologies, Inc. (NYSE American: MRT) successfully completed a tender process to purchase all outstanding warrants for its Class A ordinary shares, simplifying its capital structure and eliminating all warrants. The offer to purchase 7,187,489 public warrants and 7,250,000 private warrants expired, with approximately 91% of all outstanding warrants being tendered. Marti expects to pay around $1.3 million in cash to purchase the validly tendered warrants, with settlement expected on December 22, 2023. The company also solicited consents to amend the Warrant Agreement, with the consent of the majority of holders leading to the adoption of the amendment. Holders of untendered warrants will be redeemed at a price of $0.07 per warrant on January 4, 2024, leading to a simplified capital structure with no remaining warrants. The Ordinary Shares and Warrants are listed on the NYSE American under the symbols 'MRT' and 'MRT.WS,' respectively.
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Marti Technologies, Inc. (MRT) offers to purchase all outstanding public and private warrants at $0.10 in cash. The offer expires on December 19, 2023, with an option for extension. The company also solicits consents to amend the Warrant Agreement, allowing redemption of untendered warrants at $0.07. Marti has engaged Cantor Fitzgerald & Co. as the dealer manager and Morrow Sodali Global LLC as the information agent for the offer.
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Marti Technologies, Inc. (MRT) has surpassed its 2023 year-end targets for ride-hailing business, with over 452,000 unique riders and over 100,000 registered drivers as of December 11, 2023. The company has set new targets for over 700,000 riders and over 120,000 registered drivers by March 31, 2024. Marti's ride-hailing service operates in over 20 cities across Türkiye, including Istanbul, Antalya, and Izmir. With over 100,000 registered drivers, Marti is able to offer widespread availability across the city of Istanbul, with 4.2 times as many registered drivers as taxis serving the city. McKinsey & Company estimates the potential size of the Turkish ride-hailing market in 2030 at $15 billion to $20 billion.
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Marti Technologies, Inc. (MRT) has commenced an offer to purchase all of its outstanding public and private warrants to purchase its Class A ordinary shares at a purchase price of $0.10 in cash. The company is also soliciting consents to amend the Warrant Agreement to permit Marti to redeem each Warrant that is not tendered in connection with the Offer for $0.07 in cash. Parties representing approximately 26% of the outstanding public warrants and 95% of the outstanding private warrants have agreed to tender their Warrants in the Offer and consent to the Warrant Amendment. The Offer will be open until December 19, 2023, and is being made pursuant to an Offer to Purchase dated November 21, 2023, and Schedule TO, dated November 21, 2023, filed with the U.S. Securities and Exchange Commission.
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Marti Technologies, Inc. (NYSE American: MRT) - Marti, Türkiye’s leading mobility super app, was recognized for its public listing as the International Equity Capital Markets Deal of the Year. The company has achieved significant milestones in urban transportation services and exceeded its targets for riders and registered drivers. Marti's innovative approach and public listing on the NYSE American are paving the way for other companies in Türkiye and the region.
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Marti Technologies, Inc. (NYSE American: MRT) has exceeded its year-end targets for riders and registered drivers, demonstrating a significant growth in its ride-hailing service. With over 380,000 riders and 90,000 registered drivers, surpassing the forecasted 375,000 riders and 80,000 registered drivers, Marti has set revised targets for 450,000 riders and 100,000 registered drivers by December 31, 2023. This growth reflects the increasing demand for ride-hailing services in Türkiye, with the company currently operating in over 20 cities across the country.
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Marti Technologies, Inc. (NYSE American: MRT) completed the deployment of 4,000 new custom designed e-mopeds across Türkiye, aligning with its sustainability strategy and contributing to building a more sustainable future. The e-mopeds are expected to serve a population of 24.1M people, and the fleet is producing higher daily net revenue per vehicle than the pilot program fleet.
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Marti Technologies announces transition in executive leadership team
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Marti Technologies announces financial results for H1 2023
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Marti Technologies, Inc. to announce 2023 First Half financial and operational results
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Marti Technologies
NYSE:MRT
MRT Rankings
MRT Stock Data
180.15M
32.07M
46.25%
17.8%
0.17%
Software - Application
Services-auto Rental & Leasing (no Drivers)
Turkey
WASHINGTON