Marti Technologies, Inc. entered into Amendment No. 2 to its Note Subscription Agreement on June 5, 2026, which reduced the multiplier for the Reset Conversion Rate of its 12.50% Convertible Senior Secured Notes due 2029 from 1.65 to 1.05. This change lowers the effective conversion price during a reset event. Currently, $13.0 million in principal has been drawn, with $10.0 million remaining available for future drawdowns. Marti Technologies, Inc. operates in the micro-mobility sector, providing electric scooter and e-bike sharing services.
