Ispire Technology Board Approves $10 Million Stock Repurchase Plan

Jan.27

Ispire Technology board approves $10 million stock buyback plan, boosting ISPR shares by 4.5% in premarket trading.

According to a report by Seeking Alpha on January 22, the board of directors of Ispire Technology (stock code: ISPR) has approved a stock buyback plan. Under the plan, the company will repurchase up to $10 million worth of common stock over the next 24 months. Following the announcement, ISPR stock price rose 4.5% in pre-market trading on Wednesday.

In the current capital market environment, stock buybacks can decrease the number of outstanding shares, boost earnings per share, and potentially lift the company's stock price.

Share buybacks are often seen as a capital allocation strategy for companies, helping to optimize shareholder returns. This important decision by Ispire Technology reveals the management's operating outlook and financial planning for the next two years.

References:

[1] Ispire Technology approves $10M share buyback program

Also Read:

[1] Ispire Launches VLT CBD Pod System to Reduce Environmental Impact of Disposable Products

[2] Ispire, IKE Tech Meet FDA on Age Verification Tech to Advance Flavored Vape Approvals

[3] Ispire Reports Q1 FY2025 Loss as US Market Sales Drop by $8.1 Million

[4] Ispire Signs Five-Year Distribution Agreement with ANDS in MENA

[5] Ispire Technology Inc. Reports Strong Financial Performance for 2024

[6] Ispire Announces Global Licensing Agreement with Hidden Hills Club

#Law enforcement #North America #Technology.#Market.

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