Concrete Pumping Holdings Inc
For the period ended Jan 31, 2024. Filed Mar 7, 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.
Jan 31, 2024 · Filed Mar 7, 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
During the first quarter of 2024, under our share repurchase program, we repurchased an aggregate of 36,094 shares of our common stock for a total of $0.2 million at an average price of $6.88 per share. The following table reflects issuer purchases of equity securities for the three months ended January 31, 2024:
ISSUER PURCHASES OF EQUITY SECURITIES
| Period · Total Number of Shares Purchased (1)(2) · Average Price Paid Per Share · Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs · Approximate Dollar Value of Shares that May Yet be Purchased under the Plans or Programs (3,4) | |||||
|---|---|---|---|---|---|
| November 1, 2023 - November 30, 2023 | 36,094 | $6.88 | 36,094 | $8,179,645 | |
| December 1, 2023 - December 31, 2023 | 109,178 | 7.79 | - | 8,179,645 | |
| January 1, 2024 - January 31, 2024 | - | - | - | 8,179,645 | |
| Total | 145,272 | 2 | $7.56 | 36,094 | $8,179,645 |
| (1) | In June 2022, our board of directors approved a share repurchase program, which was announced June 7, 2022, authorizing us to repurchase up to $10.0 million of our common stock from time to time through June 15, 2023. In January 2023, the board of directors of the Company approved a $10.0 million increase to the Company’s share repurchase program, which was announced January 23, 2023. This authorization was set to expire on March 31, 2024, but on January 4, 2024, the board of directors approved an extension of the authorization so that it will expire on March 31, 2025. In March 2024, the board of directors of the Company approved a $15.0 million increase to the Company's share repurchase program, which was announced March 7, 2024. This authorization will expire on March 31, 2025. |
| (2) | Of the 145,272 shares included in this column, 36,094 were purchased under the purchase program and the remaining 109,178 shares reflect shares of common stock purchased into treasury stock in order to satisfy employee tax withholding obligations for the vesting of stock awards. |
| (3) | Includes commission cost. |
| (4) | Dollar value of shares that may yet be purchased under the repurchase program is as of the end of the period. |
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