ISPR.US has announced a stock repurchase program to repurchase up to $10 million of common stock within the next 24 months.

On January 15, Ispire Technology Inc. (ISPR.US) announced that its board of directors has approved a stock repurchase program, authorizing the Company to repurchase up to $10 million of its common stock within the next 24 months. "Our stock repurchase authorization reflects our confidence in the Company's overall business growth and the strategic investments we have made, which have positioned the Company for future success," said Michael Wang, Co-Chief Executive Officer of Ispire Technology Inc. "Given the current market environment, we believe now is an opportune time to initiate a stock repurchase program to repurchase our common stock at a significant discount to its intrinsic value, which also presents an attractive investment opportunity for potential investors." Under the stock repurchase program, the Company may repurchase its common stock at any time in the open market and may also repurchase its common stock through accelerated stock repurchase programs, tender offers, private negotiated transactions or other means. Repurchases may also be made pursuant to trading plans adopted under Rule 10b5-1 of the Securities Exchange Act of 1934. The timing and amount of repurchases will be determined by the Company's board of directors based on market conditions, stock price, legal requirements and other factors. The program has no fixed expiration date and may be suspended, modified or terminated at any time without prior notice.