Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
The following table provides information with respect to the shares of the Company’s common stock repurchased during the three months ended August 31, 2024:
Issuer Purchases of Equity Securities
Total
Number of
Shares
Purchased (1) Average
Price Paid
per Share Total
Number of
Shares
Purchased
as Part of
Publicly
Announced
Programs (2) Maximum
Approximate
Dollar Value
of Shares
that May Yet
Be
Purchased
Under Plans
or Programs (2)
June 1, 2024 - June 30, 2024 8,118 $ 6.10 — $ —
July 1, 2024 - July 31, 2024 86,605 $ 6.68 72,141 $ 14,448,871
August 1, 2024 - August 31, 2024 — $ — — $ —
Total 94,723 $ 6.63 72,141 14,448,871
(1) These shares were purchased from employees to satisfy tax withholding requirements on the vesting of restricted shares/units from equity-based awards.
(2) The Company has $15.0 million available to repurchase under the Repurchase Program that was approved by the Board of Directors and announced on July 16, 2024. The timing and amount of any share repurchases under the authorization will be determined by management at its discretion and based on market conditions and other considerations.
Item 3. Defaults on Senior Securities.
None.
Item 4. Mine Safety Disclosures.
None.
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.