GAXOSAI INC
For the period ended Mar 31, 2024. Filed May 14, 2024.
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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, 2024 · Filed May 14, 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
Issuer Purchases of Equity Securities
On March 20, 2023, our Board of Directors approved a stock repurchase program authorizing the purchase of up to $500,000 of our common stock (the “2023 Stock Repurchase Program”). In connection with the 2023 Stock Repurchase Program, during the three months ended March 31, 2024, we purchased and cancelled 6,846 shares of our common stock for $19,602, or at an average price of $2.86 per share.
The following is a summary of our common stock repurchases during the quarter ended March 31, 2024:
| Period · Total number of shares purchased · Average price paid per share · Total number of shares purchased under the program · Maximum number (or approximate dollar value) of shares that may yet be purchased under the program | |||||
|---|---|---|---|---|---|
| Month #1 (January 1 through January 31) | 4,340 | $3.00 | 4,340 | - | |
| Month #2 (February 1 through February 29) | 2,506 | $2.63 | 2,506 | - | |
| Month #3 (March 1 through March 31) | - | $ | - | - | - |
| Total | 6,846 | $2.86 | 6,846 | $380,663 | |
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