Better Choice Company Repurchases Additional $326,000 in Shares



Better Choice Company (NYSE: BTTR), a pet health and wellness company, repurchased $326,000 of its Common stock at $3.43 per share as part of its stock repurchase program on December 22, 2021. Prior to the program’s ending on December 31, 2021, Better Choice had already repurchased a total of $1.6 million of outstanding shares.


The shares could be repurchased through both private and open market transactions, so long as they complied with SEC regulations. The timing and amount of repurchases were determined by market conditions and company financials, but there was no requirement for the number of shares to be purchased by the company within a specific time. The company used cash on hand for all repurchases.


“We continue to believe our Company to be undervalued and view the repurchase of our shares as a prudent allocation of capital for our shareholders,” said Better Choice Chairman Michael Young. Young also expressed the company’s repurchasing as “an additional vote of confidence from the Board and management” as Better Choice continues its endeavors toward becoming the leading brand in the industry.


Disclaimer:

You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You understand that the Content on the Site is provided for information purposes only, and none of the information contained on the Site constitutes an offer, solicitation or recommendation to buy or sell a security.



1 view0 comments
 
Exclusive Stock Reports

Thanks for submitting!

@thesmallcaptrdr

  • Artboard – 6_2x