Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 187

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 11
Chunk 187
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ITEM 11. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

We are exposed to market risks in the ordinary
course of our business. These risks primarily consist of fluctuations in interest rates and foreign currency exchange rates. We do not
enter into derivatives or other financial instruments for trading or speculative purposes, and we do not otherwise have any derivative
or other financial instruments outstanding.

Interest Rate Risk

We do not have any financial liability with a
variable interest rate component; thus we are not exposed to interest rate risk.

Foreign Currency Risk

Exchange rate risk is the risk of negative effects
from exchange rate movements when owning foreign currency assets, liabilities, and items inside the balance sheet. As we operate in Türkiye
and generates revenues in Turkish lira while reporting our operating results in U. S. dollars, we are exposed to foreign currency risk.
See “ Exchange Rates”.

Emerging Growth Company Accounting Election

Section 102(b)(1) of 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 choose not to take advantage
of the extended transition period and comply with the requirements that apply to non-emerging growth companies, and any such election
to not take advantage of the extended transition period is irrevocable. Marti is an “emerging growth company” as defined in
Section 2(A) of the Securities Act and has elected to take advantage of the benefits of this extended transition period.

We expect to use this extended transition period
for complying with new or revised accounting standards that have different effective dates for public business entities and non-public
business entities until the earlier of the date we (a) are no longer an emerging growth company or (b) affirmatively and irrevocably
opt out of the extended transition period provided in the JOBS Act. This may make it difficult or impossible to compare our financial
results with the financial results of another public company that is either not an emerging growth
company or is an emerging growth company that has chosen not to take advantage of the extended transition period exemptions because of
the potential differences in accounting standards used. See Note 3 of the accompanying audited consolidated financial statements included
elsewhere in this Annual Report for the recent accounting pronouncements adopted and the recent accounting pronouncements not yet adopted
for the years ended December 31,