Heritage Global Inc.
For the period ended Mar 31, 2025. Filed May 8, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 8, 2025
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Unregistered Sales of Equity Securities and Use of Proceeds
The Company repurchased 490,651 shares in the open market during the three months ended March 31, 2025 pursuant to the Repurchase Program. As of March 31, 2025, the Company had approximately $2.0 million in remaining aggregate dollar value of shares that may be purchased under the Repurchase Program. The following table presents the number and average price of shares purchased in each fiscal month during the three months ended March 31, 2025:
| Period | (a) Total Number of Shares Purchased [1] | (b) Average Price Paid per Share [2] | (c) Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | (d) Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs [3] |
|---|---|---|---|---|
| January 1 through January 31, 2025 | 251,139 | $2.07 | 251,139 | $2,487,159 |
| February 1 through February 28, 2025 | 97,165 | 2.18 | 97,165 | 2,275,545 |
| March 1 through March 31, 2025 | 142,347 | 2.17 | 142,347 | 1,965,970 |
| Total | 490,651 | $2.12 | 490,651 | $1,965,970 |
| [1] No shares of our common stock were purchased other than through a publicly announced plan or program. | ||||
| [2] Amounts in this column reflect weighted average price paid per share, which includes commissions and other expenses associated with the repurchases. | ||||
| [3] Our Board of Directors authorized a share repurchase program on May 5, 2022 (“Repurchase Program”), which permits the Company to purchase up to an aggregate of $4.0 million in common shares over a three year period ending in June 2025. On September 13, 2024, our Board of Directors approved an amendment to the Company’s existing share repurchase program to (i) increase the authorized aggregate amounts of shares of the Company’s common stock the Company may repurchase from $4.0 million to $6.0 million and (ii) extend the term of the Repurchase Program from May 4, 2025 to June 30, 2025. This column reflects the approximate dollar value of shares of our common stock that are available for purchase under the Repurchase Program, as amended. | ||||
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