Where Food Comes From Inc
For the period ended Sep 30, 2024. Filed Nov 12, 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 12, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
Issuer Purchases of Equity Securities
On September 30, 2019, our Board of Directors approved a new plan to buyback up to 2.5 million additional shares of our common stock from the open market (“Stock Buyback Plan”). Activity for the three months ended September 30, 2024 is as follows:
| Number of Shares | Cost of Shares (in thousands) | Average Cost per Share | |
|---|---|---|---|
| Shares purchased - July 2024 | 6,147 | $66 | $10.76 |
| Shares purchased - August 2024 | 19,448 | 215 | $11.08 |
| Shares purchased - September 2024 | 41,025 | 453 | $11.04 |
| Total | 66,620 | $734 |
Private Purchase of Common Shares
During March 2024, the Company purchased 80,201 shares of its common stock from one shareholder for approximately $1.0 million. The purchase was limited to this single shareholder who approached the company; it was privately negotiated and involved no solicitation or advertising. No fees were paid in connection with the transaction, as it was a non-brokered placement. The shares were immediately retired upon purchase.
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