Marti Technologies, Inc. (MRT) Form 6-K — Jun 10, 2026
Marti Technologies, Inc. (MRT) entered into Amendment No. 2 to its Note Subscription Agreement on June 5, 2026, modifying the terms of its 12.50% Convertible Senior Secured Notes due 2029. The amendment reduces the multiplier used in the calculation of the Reset Conversion Rate from 1.65 to 1.05, which lowers the effective conversion price applicable upon a reset event.
Key figures
- Debt Amount
- 13000000
- Note maturity
- 2029
- Note interest rate
- 12.50%
- Total facility size
- 23000000
- New conversion multiplier
- 1.05
- Old conversion multiplier
- 1.65
- Remaining drawdown capacity
- 10000000
AI analysis
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