IZEA Worldwide repurchases $1.2mln of shares under share repurchase program.
ByAinvest
Wednesday, Jun 18, 2025 4:04 pm ET1min read
IZEA--
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
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
Stay ahead of the market.
Get curated U.S. market news, insights and key dates delivered to your inbox.
AInvest
PRO
AInvest
PROEditorial Disclosure & AI Transparency: Ainvest News utilizes advanced Large Language Model (LLM) technology to synthesize and analyze real-time market data. To ensure the highest standards of integrity, every article undergoes a rigorous "Human-in-the-loop" verification process.
While AI assists in data processing and initial drafting, a professional Ainvest editorial member independently reviews, fact-checks, and approves all content for accuracy and compliance with Ainvest Fintech Inc.’s editorial standards. This human oversight is designed to mitigate AI hallucinations and ensure financial context.
Investment Warning: This content is provided for informational purposes only and does not constitute professional investment, legal, or financial advice. Markets involve inherent risks. Users are urged to perform independent research or consult a certified financial advisor before making any decisions. Ainvest Fintech Inc. disclaims all liability for actions taken based on this information. Found an error?Report an Issue
Comments
No comments yet