- Allied Esports Entertainment Inc AESE Board of Directors has authorized a stock repurchase program of up to $10 million of its outstanding shares.
- The manner, timing and amount of any purchase will be based on an evaluation of market conditions, stock price and other factors.
- The company expects to complete the buyback program over the next 24 months and fund it with its working capital.
- Repurchases under the program will be made in open market transactions in compliance with the Securities and Exchange Commission Rule 10b-18 and federal securities laws.
- AESE held $89.2 million in cash and equivalents as of September 30, 2022.
- Price Action: AESE shares are trading higher by 5.50% at $1.33 on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
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!
Already a member?Sign in