XMax Inc. Authorizes $30 Million Share Repurchase Program
XMax Inc. (NASDAQ: XMAX) has announced that its Board of Directors has authorized a share repurchase program for up to $30 million of its outstanding common stock. The company intends to execute these repurchases at prices below $5.50 per share, utilizing existing cash and cash equivalents to fund the initiative. The program is scheduled to commence following the release of the company's fiscal quarter results ended September 30, 2026, and once a broker-dealer has been engaged. CEO Andy Lu stated that the move reflects management's confidence in the company's long-term strategy, which involves balancing investments in its contemporary furniture business with the development of its artificial intelligence software and platform services.
Topics: capital allocation share repurchase stock buyback program
Read the full article at PR Newswire
Part of the story Dominari Holdings Executes $3.4 Million of $5 Million Share Repurchase Program (11 articles)