Riskified receives Israeli court approval for $75M share repurchase program

Riskified announced that it has received approval from the Tel Aviv District Court Economic Department to implement its previously announced share repurchase program, pursuant to which the Company may repurchase up to $75M of its ordinary shares. The Israeli Court approval is valid through May 19, 2024. The Company may file extension requests with the Israeli Court on an ongoing basis as required. Eido Gal, Chief Executive Officer, stated: “We are pleased to announce that the Israeli Court has approved our Repurchase Program. We expect to leverage this program to take advantage of attractive repurchasing opportunities and to manage share dilution. Our strong balance sheet enables us to continue investing in the growth of the business, while simultaneously driving shareholder value by executing this Repurchase Program.”