Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 53

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 3
Chunk 53
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plaints, compliance with regulatory requirements, and other matters, and we may become subject to additional types of claims, lawsuits,
government investigations, and legal or regulatory proceedings as our business grows and as we deploy new products and services, including
proceedings related to our acquisitions, securities issuances, or business practices.

For example, we have previously been investigated,
and may be investigated in the future, by the Turkish Competition Authority (the “ TCA”) to determine whether we hold a dominant
position in the markets we serve and, if so, whether we have abused such a dominant position. If the TCA finds that we have abused a dominant
position, we may be subject to an administrative fine up to 4.5% of the annual net revenue we earned in the fiscal year preceding the
TCA’s decision, as well as fines related to the procedural aspects of the TCA’s investigation. Depending on the nature of
these matters, we may be subject to monetary damage awards, fines, penalties, or injunctive orders. Furthermore, the outcome of such investigations
could materially adversely affect our business, results of operations, and financial condition.

The results of any such claims, lawsuits, arbitration
proceedings, government investigations, or other legal or regulatory proceedings cannot be predicted with certainty. Any claims against
us, whether meritorious or not, could be time-consuming, result in costly litigation, be harmful to our reputation, require significant
management attention, and divert significant resources. Determining reserves for our pending litigation is a complex, fact-intensive process
requiring significant subjective judgment and speculation. It is possible that a resolution of one or more such proceedings could result
in substantial damages, settlement costs, fines, and penalties that could adversely affect our business, financial condition, and results
of operations. These proceedings could also result in harm to our reputation and brand, sanctions, consent decrees, injunctions, or other
orders requiring a change in our business practices. Any of these consequences could adversely affect our business, financial condition,
and results of operations. Furthermore, under certain circumstances, we have contractual and other legal obligations to indemnify and
to incur legal expenses on behalf of our business and commercial partners and current and former directors and officers.

A determination in, or settlement of, any legal
proceeding, whether we are party to such legal proceeding or not, that involves our industry, could harm our business, financial condition,
and results of operations. The costs associated with an adverse outcome in