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 12 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 September 30, 2022. The remaining authorized amount for share repurchases under the program is approximately $23.3 million.
41
Index
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
July 1, 2022 to July 31, 2022
104,519
$
6.52
104,519
$
26,780,002
August 1, 2022 to August 31, 2022
260,833
6.43
260,833
25,102,459
September 1, 2022 to September 30, 2022
303,088
6.06
303,088
23,266,594
Total
668,440
6.28
668,440
For more information on the share repurchase plan, see Note 7 to our condensed consolidated financial statements.
Item 3.
DEFAULTS ON SENIOR SECURITIES
(a)
None.
(b)
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.