Item 2. Unregistered Sales of Equity Securities
ITEM
2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
The
following table provides information regarding repurchases of common shares made during the three months ended September 30, 2022:
Period
Total number
of shares
purchased
Average
price paid
per share
Total number
of shares
purchased as
part of publicly
announced
plans or
Programs (1)
Approximate
dollar value of
shares that
may yet
be purchased
under plans or programs
July 1, 2022 to July 31, 2022
587,804
$ 2.83
587,804
$ 499,244
August 1, 2022 to August 31, 2022
174,873
2.57
174,873
49,256
September 1, 2022 to September 30, 2022
27,904
1.77
27,904
-
Total
790,581
$ 2.74
790,581
$ -
(1)
The
stock repurchase program approved by the Board of Directors on June 1, 2022, authorized the repurchase of up to $3.5 million of our
outstanding common shares from time to time on the open market or in privately negotiated transactions permitted by securities laws
and other legal requirements. The repurchase program was terminated on September 23, 2022. The Company has repurchased an aggregate
of 1,349,390 shares of its common stock pursuant to the repurchase program.
ITEM
3. DEFAULTS UPON SENIOR SECURITIES
There
have been no defaults in any material payments during the covered period.
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.