Item 2. Unregistered Sales of Equity Securities
Item 2.
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
(a)
None.
(b)
None.
(c)
Issuer Purchases of Equity Securities.
On May 24, 2022, the Company announced that the Board of Directors had approved a share repurchase program for twelve months authorizing purchases of up to $30.0 million. The following table presents
the number and average price of shares purchased during the three months ended June 30, 2022. The remaining authorized amount for share repurchases under the program is approximately $27.5 million.
Period
Total Number of Shares Purchased
Average Price Paid per Share
Total Number of
Shares Purchased
as Part of Publically
Announced Plan
Maximum Dollar
Value of Shares
Remaining to be
Purchased Under
the Plan
April 1, 2022 to April 30, 2022
-
$
-
-
$
-
May 1, 2022 to May 31, 2022
106,170
6.04
106,170
29,358,786
June 1, 2022 to June 30, 2022
308,793
6.14
308,793
27,461,655
Total
414,963
6.12
414,963
For more information on the share repurchase plan, see Note 7 to our condensed consolidated financial statements.
Item 3.
DEFAULTS ON SENIOR SECURITIES
None.
Item 4.
MINE SAFETY DISCLOSURES
None.
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.