Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds
Issuer Purchases of Equity Securities
On March 14, 2023, the Company announced that
its Board of Directors had authorized the repurchase of up to $15.0 million of the Company’s outstanding common stock. Under this
new program, share repurchases may be made from time to time depending on market conditions, share price and availability and other factors
at the Company’s discretion. This stock repurchase authorization expires on the earlier of March 12, 2024, or when the repurchase
of $15.0 million of shares of its common stock has been reached. During the quarter ended September 30, 2023, no shares were repurchased
under the program. As of September 30, 2023, $7,488,116 of shares are available for repurchase under the program.
Item 3. Defaults upon Senior Securities
None
Item 4. Mine Safety Disclosures
N/A
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.