Phunware announced that its board of directors has authorized a stock repurchase plan under which the company may repurchase up to $5M of the company’s outstanding common stock. The stock repurchase plan is expected to be completed over the next 12 months. "We believe repurchasing our common stock is an attractive use of capital, given recent market prices," stated CEO Russ Buyse.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on PHUN:
- Phunware Announces Stock Repurchase Plan
- Phunware to Virtually Participate at the 25th Annual Needham Growth Conference on January 12, 2023
- Largest borrow rate increases among liquid names
- Phunware to Launch Smart Hospitality Solution at Wailea Beach Resort – Marriott, Maui
- Phunware to launch Smart Hospitality Solution at Wailea Bach Resort
