Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 11

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 3
Chunk 11
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 employees or business partners of an acquired company. There may be transaction-related
lawsuits or claims, or adverse market reactions to an acquisition. We may not determine the appropriate purchase price of acquired companies,
which may lead to the potential impairment of intangible assets and goodwill acquired in the acquisitions. Additionally, we may have to
pay cash, incur debt, or issue equity securities to pay for any such acquisition, each of which could affect our financial condition or
the value of our capital stock, result in dilution to our shareholders, increase our fixed obligations, or require us to comply with covenants
or other restrictions that would hinder our ability to manage our operations. Future acquisitions may also involve other risks, such as
assuming unidentified liabilities for which we, as a successor, may be responsible. The direct costs of these acquisitions, as well as
the resources required to evaluate, negotiate, integrate, and promote these acquisitions, may divert significant time and resources from
the general operation of our business and require significant attention from management, all of which could disrupt the functioning of
our business and adversely affect our operating results.

We may need additional capital, and we cannot
be certain that additional financing will be available.

Historically, we have funded our operations and
capital expenditures primarily through sales of our preferred stock, debt financing, and cash generated from our operations. To support
our growing business, we must have sufficient capital to continue making significant investments in our products and services. Although
we currently anticipate that our available funds and cash flow from operations will be sufficient to meet our cash needs for the foreseeable
future, especially if we are successful in monetizing our ride-hailing service, we may require additional equity or debt financing, including
the issuance of securities. If we raise additional funds through the issuance of equity, equity-linked, or debt securities, those securities
may have rights, preferences or privileges senior to the rights of our Ordinary Shares, and our shareholders may experience dilution.

We evaluate financing opportunities
periodically, and our ability to obtain financing will depend, among other factors, on our development efforts, business plans,
operating performance, and the condition of the capital markets at the time we seek financing. Additionally, the continuing impact
of global economic headwinds may affect our access to capital and make additional financing more difficult to obtain or available
only on less favorable terms. We cannot assure you that additional financing will be available to us on favorable terms when
required, or at all. If we are unable to obtain