ALTA EQUIPMENT GROUP INC
For the period ended Jun 30, 2024. Filed Aug 7, 2024.
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Jun 30, 2024 · Filed Aug 7, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
Share Repurchases
On July 6, 2022 the Company's Board approved a share repurchase program, which was announced on November 9, 2022, authorizing Alta to repurchase shares of its common stock for an aggregate purchase price of not more than $12.5 million. The share repurchase program is conducted in accordance with Rule 10b-18 of the Exchange Act. Under the share repurchase program, subject to applicable rules and regulations, repurchases of shares of common stock may be made from time-to-time in the open market or by negotiated transactions. Such purchases will be at times and in amounts as the Company deems appropriate, based on market conditions, cash reserves, cash flow and the balancing of uses of cash for operations, debt paydown, growth, and stock repurchases. The amount and timing of repurchases will be based on a variety of factors, including stock acquisition price, regulatory limitations and other market and economic factors. No limit was placed on the duration of the repurchase program. The stock repurchase program does not require the Company to repurchase any specific number of shares, and the Company may terminate the repurchase program at any time.
| ISSUER PURCHASES OF EQUITY SECURITIES | ||||
|---|---|---|---|---|
| Period | Total number of shares purchased | Average price paid per share | Total number of shares purchased as part of publicly announced program | Approximate dollar value of shares that may yet be purchased under the program (1) |
| April 1, 2024 - April 30, 2024 | — | — | — | 12.5 |
| May 1, 2024 - May 31, 2024 | — | — | — | 12.5 |
| June 1, 2024 - June 30, 2024 | 231,334 | 8.73 | 231,334 | 10.5 |
| Total | 231,334 | 8.73 | 231,334 | 10.5 |
(1) Includes commission costs.
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