Park Aerospace Plans To Buyback 7% Of Outstanding Shares

Park Aerospace Corp. PKE Board authorized the purchase of common shares, on the open market and privately negotiated transactions, of up to 1.5 million shares.
The authorization represents ~7% of Park Aerospace's 20.5 million total outstanding shares as of the close of business on May 18, 2022.
The new grant supersedes any unused prior authorizations to purchase shares.
PKE held $110.4 million in cash and equivalents as of February 27, 2022.
Price Action: PKE shares are trading higher by 1.83% at $11.66 on the last check Monday.