a.k.a. Brands board authorizes $3M increase to share repurchase program

a.k.a. Brands Holding Corp. announced that its board of directors has authorized an increase of $3M to its share repurchase program, thereby increasing the total amount authorized for share repurchases to $5M. As of December 18, 2023, the company has used approximately $2M of the total amount authorized for share repurchases. Repurchases by the company are subject to available liquidity, general market and economic conditions, alternate uses for the capital and other factors. Share repurchases may be made from time to time through open market transactions, block trades or in private transactions in accordance with applicable securities laws and regulations and other legal requirements. Repurchases may be made pursuant to a trading plan under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, which would permit shares to be repurchased when the company might otherwise be precluded from doing so because of self-imposed trading blackout periods or other regulatory restrictions. There is no minimum number of shares that the company is required to repurchase and the Share Repurchase Program may be suspended or discontinued at any time without prior notice.