Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 52

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 3
Chunk 52
---
 our website or mobile app.

In response, a court issued an order on March
6, 2023, blocking access to the ride-hailing service. We appealed this decision, and the injunction was lifted on June 20, 2023.

After a hearing on January 12, 2024, the court’s
appointed experts submitted their report on January 22, 2024. We filed an objection to the court noting that the report did not cover
all the issues requested and was incomplete, and as a result of our objections, the court gave the experts 90 days to prepare an additional
report. At a hearing on March 29, 2024, the court postponed the hearing to July 19, 2024.

On July 19, 2024, the court ruled in favor of
the plaintiff regarding our ride-hailing service, but dismissed claims related to our motorcycle-hailing service. The court also issued
an order blocking access to our ride-hailing app but clarified that this did not affect other activities. We filed objections to the ruling
on October 1, 2024, except for the part related to motorcycle-hailing.

The 14thCivil Chamber of the Istanbul
Regional Court of Justice overturned the decision, stating that the expert reports were insufficient and that the court had not properly
considered the defendant’s defenses. The case was sent back to the first instance court for retrial.

Following this, the case resumed in the
Istanbul 14thCommercial Court. Additionally, a lawsuit filed by the Antalya Chamber of Drivers was combined with the
existing case, as both were related. Following this, the İzmir Taxi Association, the Kayseri Taxi Association, the national
umbrella organization for all taxi unions in Türkiye, the Turkish Drivers and Automobile Federation, requested intervention in
the main Istanbul case. On March 21, 2025, the intervention requests were accepted, and a new expert committee was appointed to
prepare a new expert report. The hearing is postponed to May 23, 2025.

We are regularly subject to claims, lawsuits,
government investigations, and other proceedings that may adversely affect our business, financial condition, and results of operations.

We are regularly subject to claims, lawsuits,
arbitration proceedings, government investigations, and other legal and regulatory proceedings in the ordinary course of business, including
those involving personal injury, property damage, worker classification, labor and employment, commercial disputes, competition, consumer
com