Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
(a) Unregistered Sales of Securities
None.
(b) Use of Proceeds
None.
(c) Issuer Purchases of Equity Securities
Common Stock Purchase Activity During the Three Months Ended June 30, 2025
Period Total Number of Shares Purchased (1)
Average Price Paid per Share (1)
Total Number of Shares Purchased as Part of Publicly Announced Repurchase Plans (1)
Maximum Dollar Value of Shares that May Yet Be Purchased Under the Plans (1)
April 1, 2025 - April 30, 2025 — $ — — $ 38,715,569
May 1, 2025 - May 31, 2025 761,338 2.61 761,338 $ 36,731,490
June 1, 2025 - June 30, 2025 726,889 2.78 726,889 $ 34,713,664
Total 1,488,227 $ 2.69 1,488,227
(1) On May 24, 2022, the Board of Directors authorized a Share Repurchase Program, pursuant to which the Company can repurchase up to $50.0 million of issued and outstanding common stock. The repurchase program has no expiration date and may be modified, suspended, or terminated at any time. For the second quarter of 2025, the Company repurchased 1,488,227 shares of common stock under the program for an aggregate price of $4.0 million on the open market.
Item 3. Defaults upon Senior Securities
(a) None.
(b) None.
Item 4. Mine Safety Disclosures
Not applicable.
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