Program Authorizes the Repurchase of up to $15 million in Shares of Class A Common Stock
Boxlight Corporation, a leading provider of interactive technology solutions, announced that its Board of Directors approved a share repurchase program with authorization to repurchase up to $15 million in shares of its Class A common stock.
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“As our business matures, we expect growing operating cash flows that we will strategically deploy to drive long-term value to our shareholders, including the repurchase of our stock during times we are trading below our intrinsic value”
As our business matures, we expect growing operating cash flows that we will strategically deploy to drive long-term value to our shareholders, including the repurchase of our stock during times we are trading below our intrinsic value,” commented Michael Pope, CEO and Chairman at Boxlight.
Boxlight may repurchase shares from time to time through open market purchases, in privately negotiated transactions or by other means, including through the use of trading plans intended to qualify under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, in accordance with applicable securities laws and other restrictions. The timing and total amount of stock repurchases will depend upon business, economic and market conditions, corporate and regulatory requirements, prevailing stock prices, and other considerations. The authorization expires on January 26, 2027, may be suspended or discontinued at any time and does not obligate the company to acquire any amount of Class A common stock.
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