Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 87

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 3
Chunk 87
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 Cayman Islands, we are permitted to adopt certain home country practices in relation to corporate governance matters
that differ significantly from the NYSE American corporate governance listing standards applicable to domestic U. S. companies; these practices
may afford less protection to shareholders than they would enjoy if we complied fully with the NYSE American corporate governance listing
standards.

We are a foreign private issuer as such term is
defined in Rule 405 under the Securities Act and an exempted company limited by shares incorporated in the Cayman Islands, and are
listed on the NYSE American. The NYSE American market rules permit a foreign private issuer like us to follow the corporate governance
practices of their home country. Certain corporate governance practices in the Cayman Islands, which is our home country, may differ significantly
from the NYSE American corporate governance listing standards applicable to domestic U. S. companies.

We have the option to rely on available exemptions
under the listing rules that allow us to follow our home country practice, including, among other things, the ability to opt out of the
requirement to have: (i) a majority of the board of directors consist of independent directors; (ii) a compensation committee
consisting entirely of independent directors; (iii) a nominating committee consisting entirely of independent directors; or (iv) regularly
scheduled executive sessions with only independent directors each year.

We rely on some of the exemptions afforded to
foreign private issuers and follow certain home country corporate governance practices. As a result, you may not be provided with the
benefits of certain corporate governance requirements of the NYSE American applicable to U. S. domestic public companies.

An active, liquid trading market for our
securities may not be sustained.

There can be no assurance that we will be
able to maintain an active trading market for our Ordinary Shares on the NYSE American or any other exchange in the future. If an
active market for our securities is not maintained, or if we fail to satisfy the continued listing standards of the NYSE American
for any reason, including a low selling price of our Ordinary Shares, and our securities are delisted, it may be difficult for our
securityholders to sell their securities without depressing the market price for the securities or at all. An inactive trading
market may also impair our ability to raise capital by selling shares, attract and motivate employees through equity incentive
awards and acquire other companies, products, or technologies by using shares as consideration.

If securities or industry analysts do not
publish