- GAN Ltd's GAN Board of Directors has authorized a share repurchase program which permits the company to purchase up to an aggregate of $5 million of its ordinary shares.
- Share repurchases under the new authorization will begin immediately, and the program will expire on May 31, 2022.
- The company will repurchase the shares with cash on hand and cash from operations.
- GAN held $50.3 million in cash and equivalents as of September 30, 2021.
- Price Action: GAN shares closed lower by 3.69% at $9.67 on Tuesday.
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