Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 50

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 3
Chunk 50
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 or avoid harm to
our reputation and brand, especially if such misuse or unauthorized disclosure of personal data was high profile, which could adversely
affect our ability to expand our user base, and our business and financial results.

Our business could be adversely affected if laws
or regulations are adopted, interpreted, or implemented in a manner that is inconsistent with our current business practices and that
require changes to these practices, the design of our features, websites, mobile applications, or our privacy policies. Furthermore, our
business could be harmed by any significant change to applicable laws, regulations or industry practices or the requirements of platform
providers regarding the use or disclosure of data our users choose to share with us, age verification, underage users or the manner in
which the express or implied consent of users for such use and disclosure is obtained. Such changes may require us to modify our websites
and mobile applications features and advertising practices, possibly in a material manner, and may limit our ability to use the data that
our users share with us as well as our ability to monetize our products and services. In addition, any failure by us to comply with such
regulations could result in our incurrence of material liabilities.

We collect, store, process and use personal
information and other customer data, which subjects us to governmental regulation and other legal obligations related to privacy, information
security, and data protection, and our actual or perceived failure to comply with such obligations could harm our business.

We collect, store, process and use personal information
and other user data. Our users’ personal information may include, among other information, names, date of birth, ID number, nationality,
driver license number, ride details, usage details, device type, device ID, hardware model, user transaction records, traffic data, user
photograph, phone numbers, email addresses, payment account information, age, gender, and GPS-based location. Due to the volume and types
of personal information and data we manage and the nature of our products and applications, the security features of our platform and
information systems are critical. If our security measures or applications are breached, disrupted or fail, unauthorized persons may be
able to obtain access to user data. If we or our third-party service providers or business partners were to experience a breach, disruption
or failure of systems compromising our users’ data or the media suggested that our security measures or those of our third-party
service providers were insufficient, our brand and reputation could be adversely affected, use of our products and services