Zedge Inc
For the period ended Oct 31, 2024. Filed Dec 16, 2024.
View on SEC.govAbout this filing
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.
Oct 31, 2024 · Filed Dec 16, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
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 million. In September 2024, upon the completion of the initial $3.0 million repurchase program, our Board of Directors authorized additional $5 million for the repurchase program with no limitation on the number of shares that may be repurchased. 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 first quarter of fiscal 2025:
| Period · Total Number of Shares Purchased (1) · Average Price Paid Per Share (2) · 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) | |||||
| August 1, 2024 to August 31, 2024 | 219 | $3.56 | 219 | $6 | |
| September 1, 2024 to September 30, 2024 | 7 | $3.16 | - | $5,006 | |
| October 1, 2024 - October 31, 2024 | - | $ | - | - | $5,006 |
| Total | 226 | 219 | |||
| (1) | The total number of shares purchased includes shares repurchased as part of publicly announced programs and shares repurchased in connection with tax payments due upon vesting of DSUs. |
| (2) | The average price paid per share includes any broker commissions. |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.