Item 2. Unregistered Sales of Equity Securities
Item 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
(a) Not applicable.
(b) Not applicable.
(c) Issuer Purchases of Equity Securities.
On July 23, 2021, the Board of Directors adopted a new share repurchase program. Under this new share repurchase program, the Company may repurchase up to approximately 5% of the outstanding shares of its common stock as of July 23, 2021, or 532,962 shares, from time to time. Under this new share repurchase program, 52,961 shares were repurchased during the quarter ended September 30, 2022. As of September 30, 2022, 301,305 shares remain available for repurchase under the current share repurchase authorization.
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
July 1, 2022 -
July 31, 2022 — $ — — 354,266
August 1, 2022 - August 31, 2022 32,961 $ 13.25 32,961 321,305
September 1, 2022 - September 30, 2022 20,000 $ 12.61 20,000 301,305
Total 52,961 $ 13.01 52,961
Item 3. DEFAULTS UPON SENIOR SECURITIES
Not applicable.
Item 4. MINE SAFETY DISCLOSURES
Not applicable.
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