Sezzle Inc. announced the authorization of a new $100 million stock repurchase program following the completion of a $50 million program.
The company has repurchased 2.9 million shares at an average price of $24.03 through its previous programs.
Sezzle's Executive Chairman and CEO, Charlie Youakim, highlighted the strong financial position and long-term conviction in the business through the expanded authorization.
Financial Strength
The completion of the $50 million program and authorization of an additional $100 million showcase Sezzle's robust financial position.
Capital Allocation Strategy
Sezzle's disciplined approach to capital allocation is evident through the series of repurchase programs, signaling a focus on enhancing shareholder value.
- The stock repurchase program's flexible structure allows for execution based on market conditions and other factors.
- The program, compliant with SEC Rule 10b-18 and federal securities laws, does not mandate the acquisition of any specific amount of common stock and can be adjusted or halted at the Company's discretion.
Sezzle's commitment to driving financial empowerment through its payment platform is reinforced by the strategic stock repurchase programs, reflecting a dedication to shareholder value and financial stability.