Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
Share repurchase activity during the three months ended September 30, 2025 was as follows (in thousands, except share and per share amounts):
Period
Number of shares purchased Weighted average price per share Purchased as part of publicly announced repurchase plan (i)
Approximate dollar value of shares that may yet be purchased on repurchase plan (i)
Approximate shares that may yet be purchased on repurchase plan
July 1, 2025 to July 31, 2025 768,729 $ 2.02 $ 1,561 $ 44,832 16,627,271
August 1, 2025 to August 31, 2025 149,133 1.99 298 44,535 16,478,138
September 1, 2025 to September 30, 2025 — — — 44,535 16,478,138
917,862 $ 1,859
(i) On May 7, 2025, the Company was authorized by the Board to purchase up to $50,000 of the Company’s common shares under a share repurchase program announced on May 8, 2025, of which $5,471 had been repurchased as of September 30, 2025. The repurchase program is expected to terminate on May 13, 2026, unless earlier terminated.
Item 3. Defaults Upon Senior Securities.
None.
Item 4. Mine Safety Disclosures.
Not applicable.
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