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IZEA Worldwide repurchases $1.2mln of shares under share repurchase program.
ByAinvest
Wednesday, Jun 18, 2025 4:04 pm ET1min read
IZEA Worldwide, Inc. (the "Issuer") has enacted a share repurchase program for the repurchase of up to $10,000,000 of its common stock. As of May 15, 2025, 484,584 shares have been repurchased for a total cost of $1,204,656. The Issuer desires to implement the instructions set forth in the 10b5-1 Issuer Repurchase Instructions dated June 16, 2025, between the Issuer and Ladenburg Thalmann & Co. Inc. (the "Broker").
IZEA Worldwide, Inc. (the "Issuer") has made progress in its ongoing share repurchase program, which aims to repurchase up to $10,000,000 of its common stock. As of May 15, 2025, the company has repurchased 484,584 shares at a total cost of $1,204,656. This transaction aligns with the Issuer's strategy to manage its capital structure and return value to shareholders [1].The repurchase program is guided by the 10b5-1 Issuer Repurchase Instructions dated June 16, 2025, between the Issuer and Ladenburg Thalmann & Co. Inc. (the "Broker"). The instructions outline the terms and conditions under which the repurchases will be executed, including the authorized purchase price range and the total amount of shares that can be repurchased [1].
As of the current date, the company has approximately $8,795,344 remaining under its stock repurchase obligations. This amount represents the difference between the total authorized repurchase amount ($10,000,000) and the amount already repurchased ($1,204,656). The remaining funds will be used to continue the repurchase program, subject to the terms and conditions set forth in the 10b5-1 Issuer Repurchase Instructions [1].
The share repurchase program is part of the company's broader strategy to enhance shareholder value by reducing the number of outstanding shares, which can potentially increase earnings per share and improve the company's overall financial performance.
References:
[1] https://www.nasdaq.com/articles/izea-worldwide-inc-announces-preliminary-results-modified-dutch-auction-tender-offer
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