Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 24

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 3
Chunk 24
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 impact of any natural disaster, act of terrorism
or other disruption to us or our third-party providers’ abilities could result in decreased demand for our products and services
or a delay in the provision of our products and services, which could adversely affect our business, financial condition, and results
of operations.

The loss of one or more of our key personnel,
or our failure to attract and retain other highly qualified personnel in the future, could harm our business.

Our success and ability to grow our business depend
on the talents and efforts of highly skilled individuals. We devote significant resources to identifying, recruiting, hiring, integrating,
training, developing, motivating, and retaining such highly skilled personnel. We may not be successful in attracting and retaining qualified
personnel to fulfill our current or future needs. Also, all of our employees, including our management team, work for us on an at-will
basis, and there is no assurance that any such employee will remain with us. Our competitors may be successful in recruiting and hiring
members of our management team or other key employees, and it may be difficult for us to find suitable replacements on a timely basis,
on competitive terms, or at all. If we are unable to attract and retain the necessary personnel, particularly in critical areas of our
business, we may not achieve our strategic goals.

We currently depend on the continued services
and performance of our key personnel, including our executive team, business development team, product managers, engineers, and others.
People with these skills are in high demand in Türkiye, where our headquarters are located and we will continue to face increased
competition for talent. To attract and retain top talent, we have had to offer, and we believe we will need to continue to offer, competitive
compensation and benefits packages. Job candidates and existing personnel often consider the value of the equity awards they receive in
connection with their employment. If the perceived value of our equity awards declines or we are unable to provide competitive compensation
packages, it may adversely affect our ability to attract and retain highly qualified personnel, and we may experience increased attrition.
Certain employees may receive significant proceeds from sales of our equity in the public markets, which may reduce their motivation to
continue to work for us. We may need to invest significant amounts of cash and equity to attract and retain new employees and expend significant
time and resources to identify, recruit, train, and integrate such employees, and we may never realize returns on these investments. If
we are unable to effectively manage our hiring needs