Item 2. Unregistered Sales of Equity Securities
Item 2: Unregistered Sales of Equity Securities and Use of Proceeds
Repurchases of Equity Securities
We repurchased 172,088 shares of our common stock during the three months ended June 30, 2025.
Period Total Number of Shares Purchased Average Price paid per Share Total Number of Shares Purchased as Part of Publicly Announced Program Maximum Shares that May Yet be Purchased Under the Program
April 1, 2025 – April 30, 2025 54,620 $ 15.09 54,620 266,070
May 1, 2025 – May 31, 2025 117,468 $ 14.26 117,468 148,602
June 1, 2025 – June 30, 2025 — $ — — 148,602
172,088 172,088
On October 23, 2024, the Company announced that its Board of Directors authorized the repurchase of up to 1,000,000 shares of the Company's outstanding common stock. For the three months ended June 30, 2025, the Company repurchased 172,088 shares of common stock for an aggregate purchase price of $2.5 million, excluding excise tax due under the Inflation Reduction Act of 2022, with such shares retired and recorded as a reduction of additional paid-in capital until extinguished with the remaining amount reflected as a reduction of retained earnings. As of June 30, 2025, there were 148,602 shares remaining to be repurchased under this program.
Item 3: Defaults Upon Senior Securities
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.