Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 88

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 3
Chunk 88
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 enough research or publish inaccurate or unfavorable research about our business, the price and trading volume of our securities
could decline.

The trading market for our securities depends
in part on the research and reports that securities or industry analysts publish about us or our business. We will not control these analysts,
and the analysts who publish information about us may have relatively little experience with us or our industry, which could affect their
ability to accurately forecast our results and could make it more likely that we fail to meet their estimates. If few securities or industry
analysts cover us, the trading price for our securities would be negatively impacted. If one or more of the analysts who covers us downgrades
our securities, publishes incorrect or unfavorable research about us, ceases coverage of us, or fails to publish reports on us regularly,
demand for and visibility of our securities could decrease, which could cause the price or trading volumes of our securities to decline.

We may be subject to securities class action
litigation, which may harm our business and operating results.

Companies that have experienced volatility in
the market price of their stock have been subject to securities class action litigation. We may be the target of this type of litigation
in the future. Securities litigation against us could result in substantial costs and damages, and divert our management’s attention
from other business concerns, which could seriously harm our business, results of operations, financial condition, or cash flows.

We may also be called on to defend ourselves against
lawsuits relating to our business operations. Some of these claims may seek significant damages amounts. Due to the inherent uncertainties
of litigation, the ultimate outcome of any such proceedings cannot be accurately predicted. A future unfavorable outcome in a legal proceeding
could have an adverse impact on our business, financial condition, and results of operations. In addition, current and future litigation,
regardless of its merits, could result in substantial legal fees, settlements, or judgment costs and a diversion of our management’s
attention and resources that are needed to successfully run our business.

Sales of a substantial number of our securities in the public
market by shareholders could cause the price of our Ordinary Shares to fall.

Certain of our shareholders can sell, including
upon the conversion of all Convertible Notes and including such notes pursuant to the Callaway Subscription Agreement (as defined herein)
and the MSTV Subscription Agreement (as defined herein), up to 128,845,966 Ordinary Shares constituting approximately 203.6% of our issued
Ordinary Shares as of December 31, 202