Marti cuts reset conversion-rate multiplier on 12.5% convertible notes to 1.05 from 1.65

Marti Technologies Inc Class A

Marti Technologies Inc Class A

MRT

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  • Marti Technologies amended terms of its 12.50% Convertible Senior Secured Notes due 2029 under Amendment No. 2 to its note subscription agreement.
  • The reset conversion-rate multiplier fell to 1.05 from 1.65, lowering the effective conversion price upon a reset event.
  • $13 million principal amount was drawn as of June 5, 2026; $10 million remained available for future drawdowns.
  • The revised reset conversion rate applies to all outstanding notes and any notes issued from future drawdowns.


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