GreenBox POS Announces Acceleration of Stock Repurchase Program

This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice.

GreenBox GBOX, an innovative blockchain ledger fintech company, today announced that its board of directors approved a substantial increase in the funds allocated for the immediate repurchase of the company’s common shares, in the initial sum of $10 million. The move comes after the company repurchased approximately 800,000 shares in the second half of 2021.

The repurchase program will be executed consistently with GreenBox’s capital allocation strategy and will continue to prioritize aggressive investments to grow the business. Company insiders and strategic business partners will also be free to purchase stock when not under blackout periods. “This announcement demonstrates our commitment to GreenBox and our shareholders, as well as our confidence in the growth opportunities that lie ahead with strategic partners, potential acquisitions, and expansion into new territories,” said Ben Errez, chairman of GreenBox. “We intend to keep shareholders continuously apprised of our ongoing efforts from the intended progress of the various initiatives we are currently executing.”

To view the full press release, visit https://ibn.fm/17EFN

About GreenBox POS

GreenBox is an emerging financial technology company leveraging proprietary blockchain security to build customized payment solutions. The company’s applications enable an end-to-end suite of turnkey financial products, reducing fraud and improving the efficiency of handling large-scale commercial processing volumes for its merchant clients globally. For more information, please visit the company’s website at www.GreenBoxPOS.com.

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.

With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.

Get more out of your next press release with InvestorWire. It’s unlike anything you’ve seen before.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
Editor@InvestorWire.com

InvestorWire is part of the InvestorBrandNetwork.

This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice.

Image Sourced from Pixabay

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: FintechPenny StocksInvestorBrandNetworkPartner Content
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!
fintech-banner
Fintech Focus Newsletter

Your update on what’s going on in the Fintech space. Keep up-to-date with news, valuations, mergers, funding, and events. Sign up today!