Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
In November 2023, the Company implemented a stock buyback program pursuant to Rule 10b5-1 and Rule 10b-18 under the Exchange Act (the "buyback program") authorizing us to repurchase our common stock in open market transactions in an aggregate amount of up to $3,850,000 through May 15, 2024 unless extended or terminated by our Board.
Common stock repurchases during the nine months ended March 31, 2024 were:
Month
Total Number of
Shares Purchased
Average Price Per
Share
Total Number of
Shares Purchased
as Part of 10b5-1 Plan
Maximum Number
(or Approximate
Dollar Value) of
Shares that May
Yet Be Purchased
Under the Plans or
Programs
(Amounts in dollars)
December 1-31, 2023
1,106
$
1.80
1,106
$
3,668,009
January 1-31, 2024
974
$
1.80
2,080
$
3,666,256
February 1-29, 2024
5
$
1.80
2,085
$
3,666,247
Total
2,085
$
1.80
2,085
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.