Harrison Global shares surge 30.54% intraday after board approves $10 million share repurchase program.

Harrison Global Holdings surged 30.54% intraday following the announcement that its board authorized a $10 million share repurchase program. The move, disclosed via an SEC filing, permits repurchases when the stock trades below $1.00 per share post-reverse split, signaling management’s confidence in the stock’s undervaluation. The program, led by Co-Chairman/CEO Ryoshin Nakade, excludes commissions and allows flexible execution methods, enhancing perceived shareholder value. Trading had been previously halted with pending news, likely amplifying investor anticipation. The repurchase authorization, combined with the resumption of trading, drove the sharp intraday rally.