Marti Announces Completion of Redemption of Outstanding Warrants
Marti Technologies, Inc. Class A Ordinary Shares (MRT)
Last marti technologies, inc. class a ordinary shares earnings: 11/9 05:00 pm
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Source: Business Wire
ISTANBUL--(BUSINESS WIRE)--Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT), Türkiye’s leading mobility app, today announced that it completed the redemption of its outstanding warrants (the “Warrants”) to purchase the Company’s Class A ordinary shares, par value $0.0001 per share (the “Ordinary Shares”), that remained outstanding following 5:00 p.m. Eastern Time on January 4, 2024 (the “Redemption Date”), for a cash redemption price of $0.07 per Warrant. A notice of redemption was distributed on December 20, 2023 to the registered holders of outstanding Warrants announcing the redemption pursuant to the terms of the Warrant Agreement, dated July 8, 2021, as amended on December 20, 2023, by and between the Company and Continental Stock Transfer & Trust Company, governing the Warrants. The redemption follows the expiration and closing of the Company’s offer to each holder of outstanding Warrants to purchase any and all outstanding Warrants for $0.10 in cash
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