INTEST CORP
For the period ended Sep 30, 2024. Filed Nov 6, 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.
Sep 30, 2024 · Filed Nov 6, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1A. Risk Factors
Information regarding the primary risks and uncertainties that could materially and adversely affect our future performance or could cause actual results to differ materially from those expressed or implied in our forward-looking statements, appears in Part I, Item 1A - "Risk Factors" of our 2023 Form 10-K filed with the SEC on March 27, 2024. There have been no material changes from the risk factors set forth in our 2023 Form 10-K.
The following table provides information with respect to purchases made by or on behalf of the Company or any “affiliated purchaser” as defined in Rule 10b-18(a)(3) under the Exchange Act, of our common stock during the three months ended September 30, 2024, including those made pursuant to publicly announced plans or programs and those not made pursuant to publicly announced plans or programs.
| Period · Total Number of Shares Purchased · 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 | ||||||
|---|---|---|---|---|---|---|
| July 1-31 · - · $ · - · - · - | ||||||
| August 1-31 | 141,117 | (1) | $7.36 | 141,117 | $8,961,150 | |
| September 1-30 | - | $ | - | - | - | |
| Total | 141,117 | $7.36 | 141,117 | |||
| (1) | On November 17, 2023, our Board of Directors authorized the repurchase of our common stock through open market purchases commencing November 17, 2023 and continuing through November 17, 2024, provided that the per share repurchase price shall not exceed $9.00 and the aggregate repurchases shall not exceed $10.0 million. Under the share repurchase authorization, shares of the Company’s common stock may be repurchased from time to time in open market transactions, in privately negotiated transactions or otherwise. The timing and the actual number of shares repurchased depend on a variety of factors, including legal requirements, price, and economic and market conditions. The repurchase program may be suspended or discontinued at any time until it expires on November 17, 2024. As of September 30, 2024, we had repurchased 141,117 shares under the share repurchase authorization at a fair value of $1,038,850. All of the repurchased shares were retired. |
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| Item 3. | Defaults Upon Senior Securities |
|---|
None.
| Item 4. | Mine Safety Disclosures |
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Not applicable.
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