Good Times Restaurants Inc
For the period ended Dec 26, 2023. Filed Jan 31, 2024.
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Dec 26, 2023 · Filed Jan 31, 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 |
|---|
The Company‘s Board of Directors authorized a $5.0 Million share repurchase program which became effective February 7, 2022. The authorization to repurchase will continue until the maximum value of shares is achieved or the Company terminates the program. The timing and actual number of shares repurchased will depend on a variety of factors, including price, general business and market conditions, and alternative investment opportunities. As of December 26, 2023 the Company has purchased 1,287,960 shares of its common stock pursuant to the share repurchase plan leaving approximately $1,343,000 available for repurchases under the plan.
Repurchases of common stock under the share repurchase plan during the quarter ended December 26, 2023 were as follows:
| Period | Total number of shares (or units) purchased | Average price paid per share (or unit) | Total number of shares (or units) purchased as part of publicly announced plans or programs | Maximum dollar value of shares that may yet be purchased under the plans or programs |
|---|---|---|---|---|
| 09/27/2023–10/24/2023 | 41,950 | $2.93 | 41,950 | |
| 10/25/2023–11/21/2023 | 40,199 | $2.68 | 40,199 | |
| 11/22/2023–12/26/2023 | 78,623 | $2.59 | 78,623 | |
| Total | 160,772 | 160,772 | $1,343,000 |
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