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 July 30, 2022, the remaining authorization under the stock repurchase program was approximately $2.3 million.
Stock repurchase activity during the three months ended July 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
May 1, 2022 to May 28, 2022
555,680
$
4.18
555,680
$
7,828,265
May 29, 2022 to July 2, 2022
567,518
$
4.71
567,518
$
5,153,032
July 3, 2022 to July 30, 2022
800,000
$
3.60
800,000
$
2,271,288
Total
1,923,198
$
4.10
1,923,198
$
2,271,288
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.