Harrison Global shares surge 10.90% intraday after board authorizes $10M share repurchase program for sub-$1.00 stock post-split.

Harrison Global Holdings Inc. surged 10.90% intraday after announcing a $10 million share repurchase program authorized by its board. The initiative, effective when the stock trades below $1.00 post-reverse split, allows open-market or private repurchases and was delegated to Co-Chairman Ryoshin Nakade. The move signals management’s confidence in undervalued shares and aligns with the company’s post-split strategy to stabilize its stock price. While trading was briefly halted earlier in the day with pending news, the repurchase authorization—repeated across multiple language-specific reports—emerged as the primary catalyst for the intraday rally. The program’s flexibility, including potential use of Rule 10b5-1 plans, further underscores its strategic intent to bolster shareholder value.