Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 83

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 3
Chunk 83
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 disclosure of information in
this Annual Report and in filings required of a public company, our business and financial condition will become more visible, which we
believe may result in threatened or actual litigation, including by competitors and other third parties. If such claims are successful,
our business and operating results could be adversely affected, and, even if the claims do not result in litigation or are resolved in
our favor, these claims, and the time and resources necessary to resolve them, could cause an adverse effect on our business, financial
condition, results of operations, prospects, and reputation.

If we fail to put in place appropriate and
effective internal control over financial reporting and disclosure controls and procedures, we may suffer harm to our reputation and investor
confidence levels.

As a public company, we have significant requirements
for enhanced financial reporting and internal controls over financial reporting in a manner that meets the standards required by Section
404.

The process of designing and implementing
effective internal controls is a continuous effort that requires us to anticipate and react to changes in our business and the
economic and regulatory environments and to expend significant resources to maintain a system of internal controls that is adequate
to satisfy our reporting obligations as a public company. If we are unable to establish or maintain appropriate internal financial
reporting controls and procedures, it could cause us to fail to meet our reporting obligations on a timely basis, result in material
misstatements in our consolidated financial statements, and harm our operating results. In addition, we are required, pursuant to
Section 404, to furnish a report by our management on, among other things, the effectiveness of our internal control over
financial reporting in the annual report on Form 20-F. Internal control over financial reporting is a process designed to provide
reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements. This assessment
must include disclosure of any material weaknesses identified by our management in our internal control over financial reporting.
The rules governing the standards that must be met for our management to assess our internal control over financial reporting are
complex and require significant documentation, testing, and possible remediation. Testing and maintaining internal controls may
divert our management’s attention from other matters that are important to our business. If we are no longer an
“emerging growth company” or a “smaller reporting company,” our auditors will be required to issue an
attestation report on the effectiveness of our internal controls on an annual basis.

In connection with the implementation of the necessary
procedures and practices related to