By Stephen Nakrosis
Marti Technologies said its board approved an extension and increase to its previously announced share repurchase program.
The mobility app provider said its board approved a six-month extension to the share repurchase plan, under which the company may buy up to $2.5 million of outstanding Class A ordinary shares. The authorization runs until Oct. 9.
The announcement, which was made after the bell, came on a day when the company's shares gained over 25% in the regular trading session, and closed at $3.61. Volume in the session topped 187,000 shares, above the stock's 65-day average volume of 51, 283 shares.
After hours, the stock was down almost 7%, trading at $3.36.
Marti Technologies has 57.36 million shares outstanding and a public float of 20.14 million shares.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
March 24, 2025 17:42 ET (21:42 GMT)
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