Zedge Inc
For the period ended Apr 30, 2024. Filed Jun 11, 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.
Apr 30, 2024 · Filed Jun 11, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
In October 2021, our Board of Directors authorized a repurchase program of up to 1.5 million shares of our Class B common stock at a maximum aggregate purchase price of $3.0 million. Repurchases may be made from time to time through open market purchases or through privately negotiated transactions, subject to market conditions, applicable legal requirements and other relevant factors. Open market repurchases may be structured to occur in accordance with the requirements of Rule 10b-18. We may also, from time to time, enter into Rule 10b5-1 trading plans to facilitate repurchases of its shares. The repurchase program does not obligate us to acquire any particular amount of our Class B common stock, has no expiration date and may be modified, suspended, or terminated at any time at our discretion.
The following table summarizes the share repurchase activity for the third quarter of fiscal 2024:
| Period · Total Number of Shares Purchased · Average Price Paid Per Share (1) · Shares Purchased as Part of Publicly Announced Programs · Dollar Value of Shares that May Yet Be Purchased Under the Program | |||||
|---|---|---|---|---|---|
| (in thousands) · (in thousands) · (in thousands) | |||||
| February 1, 2023 to February 29, 2024 | - | $ | - | - | $1,421 |
| March 1, 2024 to March 31, 2024 | - | $ | - | - | $1,421 |
| April 1, 2024 - April 30, 2024 | 60 | $2.52 | 60 | $1,269 | |
| Total | 60 | 60 | |||
| (1) | The average price paid per share includes any broker commissions. |
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