Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUI TY SECURITIES AND USE OF PROCEEDS
Issuer Purchases of Equity Securities
On March 1, 2022, our Board of Directors approved a share repurchase program of up to $20 million of our common stock. Under this share repurchase program, we are authorized to purchase shares from time to time through open market purchases or negotiated purchases, subject to market conditions and other factors. On the same date, the Board terminated our previous share repurchase program of up to $45 million of our common stock.
In the three-month period ended June 30, 2022, we repurchased 0.6 million shares of our Class A common stock under the new share repurchase program for an aggregate purchase price of $4.1 million, or an average price per share of $6.48. As of June 30, 2022, we have repurchased a total of 1.8 million shares of our Class A common stock under the new share repurchase program for an aggregate purchase price of $11.3 million, or an average price per share of $6.43. All such repurchased shares were retired as of June 30, 2022.
ITEM 3. DEFAULTS UPO N SENIOR SECURITIES
None.
ITEM 4. MINE SAFE TY DISCLOSURES
Not applicable.
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