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 March 31, 2026 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
January 1, 2026 to January 31, 2026 1,436,939 $ 2.61 $ 3,875 $ 36,534 13,414,531
February 1, 2026 to February 28, 2026 1,465,978 2.63 3,935 32,683 11,948,553
March 1, 2026 to March 31, 2026 3,462,783 2.54 8,920 23,906 8,485,770
6,365,700 $ 16,730
(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. During the three months ended March 31, 2026, the Company repurchased $16,730 of its common shares, including $272 of excise taxes. The repurchase program is expected to terminate on May 13, 2026, unless earlier terminated. Subsequent to March 31, 2026, the Board authorized a new share repurchase program intended to succeed the Company’s existing share repurchase program. See Note 15, “Subsequent Events.”
Item 3. Defaults Upon Senior Securities.
None.
Item 4. Mine Safety Disclosures.
Not applicable.
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