Item 2. Unregistered Sales of Equity Securities
ITEM 2.
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Recent Sales of Unregistered Securities
None.
Use of Proceeds
Not applicable.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
The following table provides information with
respect to purchases made by or on behalf of the Company or any “affiliated purchaser” of shares of our common stock.
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
Period
(in thousands)
July 1, 2024 to July 30,
2024
—
$
—
—
August 1, 2024 to August
31, 2024
—
$
—
—
September 1, 2024 to September
30, 2024
5,704,023
$
9.65
5,704,023
Total
5,704,023
$
9.65
5,704,023
$
33,535
On February 22, 2022, our Board of Directors
approved an increase of $85.7 million to our share repurchase program and extended the term for three years through April 27, 2025. During
the nine months ended September 30, 2024, we repurchased 6,800,301 shares of our common stock under this program for an aggregate cost
of approximately $62.9 million. As of September 30, 2024, $33.5 million remained under this program for future repurchases.
In addition, on August 13, 2024, we repurchased
all of our then-outstanding Series A Non-Voting Convertible Preferred Stock, which was convertible into 14,750,000 shares of our common
stock, from ETFS Capital for aggregate cash consideration of approximately $143.8 million. See Note 11 to our Consolidated Financial Statements
for additional information.
ITEM 3.
DEFAULTS UPON SENIOR SECURITIES
None.
ITEM 4.
MINE SAFETY DISCLOSURES
Not applicable.
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.