Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
(c)
On March 15, 2022, the Company’s Board of Directors approved a stock repurchase program that allows for the repurchase of up to $15.0 million of our common stock through open market and privately negotiated transactions. The timing and the amount of any repurchases of common stock will be determined based on the Company’s evaluation of market conditions and other factors. The stock repurchase program will expire on March 15, 2023, but may be suspended, terminated or modified at any time for any reason. At April 30, 2022, the remaining authorization under the stock repurchase program was approximately $10.2 million.
Stock repurchase activity during the three months ended April 30, 2022 was as follows:
Period
(a)
Total number of shares purchased
(b)
Average price paid per share
(c)
Total number of shares purchased as part of publicly announced plan
(d)
Approximate dollar value of shares that may yet be purchased under the plan
January 30, 2022 to February 26, 2022
—
$
—
—
$
—
February 27, 2022 to April 2, 2022
493,156
$
5.05
493,156
$
12,458,203
April 3, 2022 to April 30, 2022
452,945
$
5.09
452,945
$
10,153,020
Total
946,101
$
5.07
946,101
$
10,153,020
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.