Empery Digital Inc. provided an update on its share repurchase program, revealing that they have repurchased over 2.5 million shares of common stock.
The company has utilized $21 million from a $25 million committed borrowing facility to fund the repurchases.
Approximately $81 million remains available for future repurchases under the existing program.
Repurchased Shares
Empery Digital has repurchased 2,582,256 shares of common stock under the $100 million share repurchase program.
Average Purchase Price
The average purchase price per share was $7.26, inclusive of all fees and commissions.
Remaining Repurchase Capacity
After the recent repurchases, approximately $81 million is still available for future repurchases under the existing program.
- The share repurchase program aims to increase bitcoin per share for shareholders through accretive repurchases at prices below net asset value (NAV).
- Management's commitment to shareholder value is evident through the strategic use of the borrowing facility for funding the repurchases.
Empery Digital's ongoing share repurchase program demonstrates the company's dedication to enhancing shareholder value and optimizing capital allocation.