XMAX Inc. announced its Board of Directors has approved a share repurchase program authorizing the company to buy back up to $30 million of its outstanding common stock. The program includes a price condition and is set to commence after the company's next earnings release.
Key Details
- Program Size: Up to $30,000,000 in aggregate purchase price of its common stock.
- Price Condition: Repurchases may only occur at prices below $5.50 per share.
- Timing & Duration: The program will begin after the public release of financial results for the quarter ended September 30, 2026. It will expire three months after its commencement date.
- Funding: The company intends to fund the repurchases from its existing cash and cash equivalents.