ATRenew Extends Existing Stock Buyback Program

by Shivani Kumaresan, Benzinga Staff Writer

December 9, 2022 11:18 AM | 1 min read |

ATRenew Inc RERE board of directors has authorized an extension of the existing share repurchase program for another twelve months from December 28, 2022.
The company's board of directors adopted the existing share repurchase program on December 28, 2021, to buyback $100 million shares.
As of December 9, 2022, the company has repurchased $33 million of its shares.
The company may now continue repurchasing up to $67 million of its shares until the extended share repurchase program expires.
ATRenew held $375.7 million in cash and equivalents as of September 30, 2022.
Price Action: RERE shares are trading higher by 12.03% at $2.54 on the last check Friday.