Item 2. Unregistered Sales of Equity Securities
Item 2: Unregistered Sales of Equity Securities and Use of Proceeds
Repurchases of Equity Securities
We repurchased 148,602 shares of our common stock during the three months ended September 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
July 1, 2025 – July 31, 2025 100,000 $ 10.47 100,000 48,602
August 1, 2025 – August 31, 2025 48,602 $ 10.25 48,602 —
September 1, 2025 – September 30, 2025 — $ — — —
148,602 148,602
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 September 30, 2025, the Company repurchased 148,602 shares of common stock for an aggregate purchase price of $1.5 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. This completed the share repurchase program authorized on October 23, 2024.
Item 3: Defaults Upon Senior Securities
None.
Item 4: Mine Safety Disclosures
None.
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