Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
On October 31, 2016, the Board of Directors of the Company approved a plan that allows for the repurchase of up to 750,000 shares of the Company’s common stock (the “Repurchase Plan”) on the open
market or in privately negotiated transactions, as determined by an authorized officer of the Company. Any such repurchases can be made from time to time in accordance with applicable securities laws and other requirements.
During the three month period ending March 31, 2025 no purchases of common stock of the Company were made by or on behalf of the Company pursuant to the Repurchase Plan. The maximum number of
shares that may yet be purchased under the Repurchase Plan was 325,129 as of March 31, 2025.
The table below sets forth information regarding repurchases by the Company of shares of its common stock on a monthly basis during the three month period ending March 31, 2025.
Period
Total Number
of Shares
Purchased
Average
Price Paid
per Share
Total Number of
Shares Purchased
as Part of Publicly
Announced Plans
or Programs
Maximum Number
of Shares that may
Yet be Purchased
Under the Plans
or Programs
January 1 – January 31, 2025
—
$
—
—
325,129
February 1 – February 28, 2025
—
—
—
325,129
March 1 – March 31, 2025
2,530
1.72
2,530
325,129
Total
2,530
$
1.72
2,530
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.