Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and
Use of Proceeds
On September 2, 2025, our board of directors approved a share repurchase authorization to repurchase up to an aggregate
of $15
million of our common stock. The authorization has no expiration date.
The table below presents information relating
to purchases of shares
of our common stock during the third
quarter of fiscal 2026:
Table 17
(a)
(b)
(c)
(d)
Period
Total
number
of shares
purchased
Average price
paid per share
(US dollars)
Total
number of shares
purchased as part of publicly
announced plans or
programs
Maximum dollar value of
shares that may yet be
purchased under the plans
or programs
Jan 1, 2026 - Jan 31, 2026
-
-
-
15,000,000
Feb 1, 2026 - Feb 28, 2026
(1)
9,000
4.43
-
15,000,000
Mar 1, 2026 - Mar 31, 2026
-
-
-
15,000,000
Total
9,000
-
(1) Relates to
the delivery of
9,000 shares
of our common
stock in November
2025 to us
by certain of
our employees to
settle
their income tax liabilities. These shares do not reduce the repurchase authority
under the share repurchase program.
On March
3, 2026,
we delivered
1,017,914
unregistered
shares of
our common
stock, valued
at $4.7
million, to
the seller
of
Recharger to settle the second and final tranche due
under the Recharger purchase agreement.
The shares of
common stock issued
in this transaction
were issued in
reliance upon
the exemptions
from registration
provided
by Section
4(a)(2) of
the Securities
Act of
1933, as
amended (the
Securities Act)
and Regulation
S under
the Securities
Act, as
the
shares were
issued to
the owners
of the
business acquired
in privately
negotiated transactions
not involving
any public
offering
or
solicitation.
For additional
information about
this acquisition,
see Note
2 of
the Notes
to Condensed
Consolidated Financial
Statements in
Item 1. Financial Statements of Part I of this Quarterly Report.
Item 3. Defaults upon Senior Securities
None.
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.