Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 81

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 3
Chunk 81
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 that has opted out of using the extended transition period, difficult because of the potential differences in accounting
standards used.

Additionally, we qualify as a “smaller reporting
company” as defined in Item 10(f)(1) of Regulation S-K under the Securities Act. Smaller reporting companies may take advantage
of certain reduced disclosure obligations when available, including, among other things, providing only two years of audited financial
statements in their periodic reports (other than annual reports on Form 20-F). We will remain a smaller reporting company until the last
day of the fiscal year in which we fail to meet the following criteria: (i) the market value of our Ordinary Shares held by non-affiliates
does not exceed $250 million as of the end of that fiscal year’s second fiscal quarter; or (ii) our annual revenues do
not exceed $100 million during such completed fiscal year and the market value of our Ordinary Shares held by non-affiliates does
not exceed $700 million as of the end of that fiscal year’s second fiscal quarter. To the extent we take advantage of such
reduced disclosure obligations, comparison of our financial statements with other public companies will be difficult or impossible.

It is difficult to predict whether investors will
find our securities less attractive as a result of our taking advantage of these exemptions and relief granted to emerging growth companies
and smaller reporting companies. If some investors find our securities less attractive as a result, the trading prices of our securities
may be lower than they otherwise would be, there may be a less active trading market for our securities and the market price of our securities
may be more volatile.

When we lose our “smaller reporting company”
and “emerging growth company” status, we will no longer be able to take advantage of certain exemptions from reporting, and
we will also be required to comply with the auditor attestation requirements of Section 404. We will incur additional expenses in
connection with such compliance and our management will need to devote additional time and effort to implement and comply with such requirements.

The requirements of being a public company
may strain our resources, divert our management’s attention and affect our ability to attract and retain qualified board members.

We are subject to the reporting requirements of
the Exchange Act, the Sarbanes-Oxley Act, the Dodd-Frank Wall Street Reform and Consumer Protection Act, the NYSE American listing requirements,
and other applicable securities rules and regulations. As such, we have incurred additional legal, accounting, and other