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)
January 1, 2025 to January 31, 2025
1,280,001
$ 9.92
1,280,001
February 1, 2025 to February 28, 2025
—
$ —
—
March 1, 2025 to March 31, 2025
2,497
$ 8.50
2,177
Total
1,282,498
$ 9.91
1,282,498
$ 149,980
On February 24, 2025, our Board of Directors
approved an increase of $129.2 million to our share repurchase program, bringing the total authorization to $150.0 million, and extended
the program’s term for three years through April 27, 2028. During the three months ended March 31, 2025, we repurchased 1,282,498
shares of our common stock under this program for an aggregate cost of approximately $12.7 million. As of March 31, 2025, $150.0 million
remained under this program for future repurchases.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None.
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Table of Contents
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.