Flywire Corp
For the period ended Jun 30, 2024. Filed Aug 6, 2024.
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Jun 30, 2024 · Filed Aug 6, 2024
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Item 5. Other Information
Repurchase Program
On August 6, 2024 we announced a share repurchase program of up to $150 million of outstanding voting and non-voting common stock for an indefinite period as part of our capital deployment strategy (Repurchase Program).
Repurchases under the Repurchase Program may be made from time to time through open market purchases, in privately negotiated transactions or by other means, including through the use of trading plans intended to qualify under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, in accordance with applicable securities laws and other restrictions, including Rule 10b-18. The timing, value and number of shares repurchased will be determined in our discretion and will be based on various factors, including an evaluation of current and future capital needs, current and forecasted cash flows, our capital structure, cost of capital and prevailing stock prices, general market and economic conditions, applicable legal requirements, and compliance with covenants in our credit facility that may limit share repurchases based on defined leverage ratios. The Repurchase Program does not obligate us to purchase a specific number of, or any, shares. The Repurchase Plan does not expire and may be modified, suspended or terminated at any time without notice at our discretion.
Rule 10b5-1 Trading Plans
During the period covered by this Quarterly Report on Form 10-Q, no director or officer of the Company “adopted” orterminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement” as each term is defined in Item 408(a) of Regulation S-K, as previously disclosed in Part II, Item 9B. included in our Annual Report on Form 10-K for the year ended December 31, 2023.
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