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 June 30, 2026 was as follows (in thousands, except share and per share amounts):
Period
Total number of shares purchased Weighted average price per share Total number of shares 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
April 1, 2026 to April 30, 2026 2,199,755 $ 2.63 2,199,755 $ 18,105 6,286,015
May 1, 2026 to May 31, 2026 1,381,512 2.70 1,381,512 48,714 18,239,453
June 1, 2026 to June 30, 2026 2,306,903 2.74 2,306,903 42,109 15,932,550
5,888,170 5,888,170
(i) On May 7, 2025, the Company was authorized by the Board to purchase up to $50.0 million of the Company’s common shares under a share repurchase program announced on May 8, 2025, which commenced on May 14, 2025 and expired on May 13, 2026. On May 8, 2026, the Company was authorized by the Board to purchase up to $50.0 million of the Company’s common shares under a new share repurchase program that commenced on May 14, 2026. During the three months ended June 30, 2026, the Company repurchased 5,888,170 common shares for an aggregate price of $16.1 million, including $0.3 million of excise taxes. The remaining dollar value and maximum number of shares shown for May and June 2026 relate solely to the current share repurchase program. The current repurchase program is expected to expire on May 13, 2027, unless earlier terminated.
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Table of Contents
Item 3. Defaults Upon Senior Securities.
None.
Item 4. Mine Safety Disclosures.
Not applicable.
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.