Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Share Repurchase Program
On March 20, 2024, the Board of Directors of the Company authorized a share repurchase program, whereby the Company could repurchase up to $6.0 million worth of its common stock in open market transactions pursuant to Rule 10b-18 of the Exchange Act and a 10b5-1 trading plan. The program began on April 1, 2024. As of September 30, 2024, the Company completed all purchases available under the stock repurchase program.
The following table contains information for shares of common stock repurchased pursuant to the program during the three months ended September 30, 2024.
Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares that May Yet be purchased Under the Plans or Programs
July 1 - July 31, 2024 778,525 $ 2.36 778,525 $ —
August 1 - August 31, 2024 — — — —
September 1 - September 30, 2024 — — — —
Total 778,525 $ 2.36 778,525 $ —
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
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