Perma-Pipe International Holdings, Inc. 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds   The repurchase program approved on October 4, 2021 authorized the Company to use up to $3.0 million for the purchase of its outstanding shares of common stock. Stock repurchases were permitted to be executed through open market or privately negotiated transactions, depending upon current market conditions and other factors. On December 7, 2022 the Board of Directors authorized the use of $1.0 million remaining under the share repurchase program previously approved on October 4, 2021 that expired on October 3, 2022. Share repurchases may be executed through open market or in privately negotiated transactions over the course of the 12 months following the Board of Directors authorization. During the three months ended July 31, 2023 the Company used $0.3 million of the $1.0 million authorized to repurchase its outstanding shares of common stock.   The following table sets forth the repurchase activity with respect to the Company's shares of common stock during the three months ended July 31, 2023 (in thousands, except per share information):   Period   Total number of shares purchased     Average price paid (per share)     Total number of shares purchased as part of publicly announced plans or programs     Approximate dollar value of shares that may yet be purchased under the plans or programs   May 1, 2023 - May 31, 2023     -     $ -       -     $ 939   June 1, 2023 - June 30, 2023     -       -       -       939   July 1, 2023 - July 31, 2023     37     $ 8.51       312     $ 627   Total     37               312             Item 6. Exhibits   31.1 Rule 13a - 14(a)/15d - 14(a) Certifications (1) Chief Executive Officer certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 31.2 Rule 13a - 14(a)/15d - 14(a) Certifications (2) Chief Financial Officer certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 32 Section 1350 Certifications (Chief Executive Officer and Chief Financial Officer certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002) 101.INS Inline XBRL Instance Document (the Instance Document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document) 101.SCH Inline XBRL Taxonomy Extension Schema 101.CAL Inline XBRL Taxonomy Extension Calculation 101.DEF Inline XBRL Taxonomy Extension Definition 101.LAB Inline XBRL Taxonomy Extension Labels 101.PRE Inline XBRL Taxonomy Extension Presentation 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)   27 Table of Contents   SIGNATURES     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.         Perma-Pipe International Holdings, Inc.             Date: September 14, 2023 By: /s/ David J. Mansfield     David J. Mansfield     President and Chief Executive Officer     (Principal Executive Officer)       Date: September 14, 2023 By: /s/ D. Bryan Norwood     D. Bryan Norwood     Vice President and Chief Financial Officer     (Principal Financial and Accounting Officer)   28