Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 80

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 3
Chunk 80
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 as an “emerging growth company,”
as defined in Section 2(a)(19) of the Securities Act. For as long as we continue to be an emerging growth company, we may choose to take
advantage of certain exemptions and relief from various reporting requirements that are applicable to other public companies, including,
but not limited to: (i) not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley
Act (“ Section 404”); (ii) reduced disclosure obligations regarding executive compensation in our periodic reports
and proxy statements; and (iii) exemptions from the requirements of holding nonbinding advisory votes on executive compensation and
shareholder approval of any golden parachute payments not previously approved. We will remain an emerging growth company until the last
day of the fiscal year ending after the fifth anniversary of the initial public offering, though it may cease to be an emerging growth
company earlier if (1) we have more than $1.235 billion in annual gross revenue, (2) we qualify as a “large accelerated
filer” as defined in Rule 12b-2 under the Exchange Act, or (3) we issue, in any three-year period, more than $1.0 billion
in non-convertible debt securities held by non-affiliates. We currently intend to take advantage of each of the reduced reporting requirements
and exemptions described above when available. As a result, our securityholders may not have access to certain information they may deem
important.

Further, the Jumpstart Our Business Startups Act
of 2012 (the “ JOBS Act”) exempts emerging growth companies from being required to comply with new or revised financial accounting
standards until private companies are required to comply with the new or revised financial accounting standards. The JOBS Act provides
that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth
companies but any such election to opt out is irrevocable. We have elected, and expect to continue to elect, not to opt out of such extended
transition period, which means that when a standard is issued or revised and it has different application dates for public or private
companies, we, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised
standard. This may make comparison of our financial statements with another public company, which is neither an emerging growth company
nor a company