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Share Repurchase Authorization
The Company announced today the authorization of a new share repurchase program of up to $50 million of the Company's common stock. This share repurchase program becomes effective as of November 9, 2025 and expires on November 8, 2027. Under the new program, the Company may purchase shares from time to time in compliance with applicable securities laws, that may include Securities Act Rule 10b-18 and Securities Act Rule 10b5-1. The timing and amount of any shares purchased will be based upon a variety of factors, including the share price of the common stock, general market conditions, alternative uses for capital, the Company's financial performance, and other considerations. The share repurchase program does not obligate the Company to purchase any minimum number of shares, and the program may be suspended, modified, or discontinued at any time without prior notice. Any repurchases will be funded by available cash and cash equivalents.
Posted In: SVV
