Parks! America, Inc. announced the authorization of a share repurchase program allowing the Company to buy back up to 75,000 shares or $3 million of common stock.
The program is not binding and can be halted at the Company's discretion.
Repurchases will be financed using the Company's existing cash.
Share Repurchase Program Authorized
The Board of Directors has approved the repurchase of up to 75,000 shares or $3 million of common stock.
Flexibility of Repurchase Program
The Company is not obligated to repurchase a specific amount and can suspend or end the program at any time.
Funding Source
Cash on hand will be used to fund the repurchase of shares.
- Investors may perceive the share repurchase program positively, signaling confidence in the company's future.
- The flexibility of the program provides strategic advantages in managing capital and enhancing shareholder value.
The share repurchase program by Parks! America, Inc. demonstrates a commitment to maximizing shareholder value and strategic capital management.