Harrison Global shares rise 20.10% intraday after board authorizes $10M share repurchase program.

Harrison Global Holdings surged 20.10% intraday after announcing a $10 million share repurchase program. The board authorized buybacks when the post-reverse-split share price falls below $1.00, signaling management’s confidence in its undervalued stock. The program, flexible in timing and method, was approved to bolster shareholder value. While trading was briefly halted earlier in the session with pending news, the primary catalyst for the intraday rally was the share repurchase authorization, which aligns with bullish investor sentiment. The company’s recent reverse split and focus on cost-effective repurchases further underscore its strategy to enhance equity value.