Abundia Global Impact Group Announces Authorization of $5 Million Stock Buyback Program

Abundia Global Impact Group (NYSE American: AGIG) authorized a new stock buyback program allowing repurchases of up to $5,000,000 of common stock.

Rhea-AI Summary

Abundia Global Impact Group (NYSE American: AGIG) authorized a new stock buyback program allowing repurchases of up to $5,000,000 of common stock. The company said this follows a recently announced credit facility that enabled retirement of convertible debt and aligns with its long-term growth and commercialization strategy.

According to Abundia, the program represents up to approximately 12% of the public float based on the August 21, 2026 closing price. Repurchases may be made on the open market or via privately negotiated transactions, will begin immediately, and are subject to cash availability, market conditions, and pricing. The plan, conducted under Rules 10b-18 and 10b-5, can be suspended, modified, or terminated and is also intended to support NYSE American listing compliance.

Positive

• $5,000,000 stock buyback program authorized by the Board
• Program size equals about 12% of public float
• Buyback intended to support NYSE American listing compliance
• References credit facility that enabled retirement of convertible debt

Negative

• Company is not obligated to repurchase any minimum share amount
• Repurchases depend on cash availability, business conditions, and share pricing
• Program may be suspended, modified, or terminated at any time

Argus Aug 24 session 13 alerts

+2.07% close to close 338.4x rel. volume Open Argus

Details

News Market Reaction – AGIG

+5.0% Peak Tracked

-16.0% Trough Tracked

$49.89M Mkt Cap at Peak Alert

On Aug 24, the day this news came out, AGIG closed 2.07% above the previous close. Argus tracked a peak move of +5.0% during that session. Argus tracked a trough of -16.0% from its starting point during tracking. Our momentum scanner recorded 13 alerts for this stock that day. Relative volume reached 338.4x the daily average during tracking.

Data tracked by StockTitan Argus for the Aug 24 session.

Key Figures

Buyback authorization: $5,000,000 Float repurchase capacity: 12%

Buyback authorization

$5,000,000

Maximum common-stock repurchase authorization

Float repurchase capacity

12%

Stated share of total outstanding float based on August 21, 2026 closing price

Historical Context

5 past events · Latest: Aug 17

5 events

1. Aug 17

   Credit facility

   24h Move

   +3.3%

   Secured shareholder credit facility and announced convertible debt retirement

2. Aug 11

   Business update

   24h Move

   +1.7%

   Reported revenue growth and commercialization progress following second-quarter results

3. Aug 04

   Facility completion

   24h Move

   -2.5%

   Completed engineering facility supporting RPD expansion and larger process technology projects

4. Jul 28

   Design package

   24h Move

   -1.6%

   Completed process design package for planned plastics-to-fuels facility

5. Jul 21

   Leadership appointment

   24h Move

   +1.0%

   Appointed chief commercial officer to lead commercialization activities

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

convertible debt, float, 10b-18, 10b-5

4 terms

convertible debt financial

"credit facility that enabled the retirement of convertible debt"

A convertible debt is a loan a company takes that gives the lender the option to swap the owed money for a set number of the company’s shares instead of getting cash back. It matters to investors because it can change who owns the company and how much their shares are worth: if lenders convert, existing shareholders can be diluted, but conversion can also signal confidence and reduce a company’s cash pressure — like getting a coupon that can be redeemed for store ownership rather than a refund.

float financial

"12% of total outstanding float based on the closing price"

Float is the number of a company's shares that are available for public trading, excluding closely held or restricted shares owned by insiders, founders, or the company itself. It matters to investors because a small float is like a narrow doorway—fewer shares changing hands can lead to bigger price swings and make it easier for buying or selling to move the stock; a large float generally means steadier trading and more predictable liquidity.

View in glossary

10b-18 regulatory

"compliance with Rules 10b-18 and 10b-5"

SEC Rule 10b-18 is a regulatory safe harbor that sets precise limits on how a company may repurchase its own shares on the open market—specifying acceptable timing, maximum daily volume, price conditions and the trading venues—so those buybacks are less likely to be treated as illegal market manipulation. For investors, it acts like traffic rules for buybacks: when a company follows them, repurchases are more predictable and reduce legal and reputational risk, making the likely impact on share supply and price easier to assess.

10b-5 regulatory

"compliance with Rules 10b-18 and 10b-5"

A SEC Rule under the Securities Exchange Act that makes it unlawful to commit fraud, make untrue statements of material fact, or omit material facts in connection with buying or selling securities. It matters to investors because it creates a legal basis to challenge deceptive or misleading conduct in the market—think of it as a consumer-protection rule that lets shareholders hold people accountable when false information or deceit affects prices and investment decisions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Capital allocation prioritizes shareholder value and complements recent actions to strengthen the Company's capital structure reflecting confidence in Abundia's long-term growth strategy 

HOUSTON, TX, Aug. 24, 2026 (GLOBE NEWSWIRE) -- Abundia Global Impact Group, Inc. (NYSE American: AGIG) (“Abundia” or the “Company”), a low-carbon energy solutions company focused on converting biomass and plastics waste into high-value low-carbon fuels, today announced that its Board of Directors (the “Board”) has authorized a new stock buyback program (the “Program”) permitting the Company to purchase up to $5,000,000 of the Company’s common stock (the “Common Stock”).

“After a thorough review by the Board of Directors, it was deemed a priority to implement a stock buyback program to reinforce our commitment to preserving shareholder value through disciplined capital allocation,” said Ed Gillespie, Chief Executive Officer of Abundia. “In coordination with our recently announced credit facility that enabled the retirement of convertible debt, this buyback program is an additional tool to opportunistically support and return value to shareholders. As we have steadily executed on Abundia’s commercialization strategy and strengthened the financial structure of the business, we believe the Company’s value is not fully reflected in our current market valuation. Today’s capital allocation supports Abundia’s shareholders and is meant to reinforce the alignment from leadership and our largest shareholder, reflecting confidence in the long-term value we are building for all shareholders.”

The Program enables the Company to repurchase up to approximately 12% of total outstanding float based on the closing price of the Company’s Common Stock as of August 21, 2026, at prevailing market prices, reflecting management and the Board’s belief that the stock is significantly undervalued. Repurchases may be made in the open market, in privately negotiated transactions, or through other means as permitted by securities laws. The number of shares purchased, and the timing of purchases will depend on factors such as available cash, general business conditions, and the pricing of the Company’s Common Stock. The Program, which will be managed in compliance with Rules 10b-18 and 10b-5 promulgated under the Securities Exchange Act of 1934, as amended, does not obligate the Company to acquire a specific number of shares and may be suspended, modified, or terminated at any time. The Company intends to implement the Program immediately.

In addition, the Program functions as a capital management tool to support listing compliance with the NYSE American and facilitates prudent capital allocation toward share repurchases when market prices represent an attractive use of capital.

About Abundia Global Impact Group, Inc.

Abundia Global Impact Group, Inc. (NYSE American: AGIG), is a low-carbon energy company focused on converting waste into value. Headquartered in Houston, Texas, Abundia is developing commercial-scale facilities that transform waste plastics and biomass into drop-in fuels and low-carbon chemical feedstocks. The flagship project at Cedar Port positions Abundia at the center of the Gulf Coast’s energy and chemical infrastructure, with access to feedstock supply chains, upgrading partners, and end markets.

For more information, please visit www.abundiaimpact.com.

Forward-Looking Statements

This press release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking information generally is accompanied by words such as “believe,” “may,” “will,” “could,” “intend,” “expect,” “plan,” “predict,” “potential” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Forward-looking information is based on management’s current expectations and beliefs and is subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Actual results may differ materially from those indicated by these forward-looking statements as a result of a variety of factors, including, but not limited to: (i) the amount of shares of Common Stock to be repurchased under the Program, if any, (ii) the Company’s belief that the trading price of its Common Stock does not reflect its current value, (iii) the Company’s ability to conduct repurchases in accordance with applicable laws and regulations, (iv) the Company’s ability to enhance stockholder value (v) the impact of laws and regulations, (vi) the inherent uncertainties associated with the commercialization strategy and ongoing operations, (vii) the Company’s ability to repay its outstanding debts, and (viii) other risks as set forth from time to time in the Company’s filings with the SEC.

Readers are cautioned not to place undue reliance on these forward-looking statements. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are beyond the control of the Company.

With respect to the forward-looking information contained in this news release, the Company has made numerous assumptions. While the Company considers these assumptions to be reasonable, these assumptions are inherently subject to significant business, economic, competitive, market and social uncertainties and contingencies. Additionally, there are known and unknown risk factors which could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. A complete discussion of the risks and uncertainties facing the Company’s business is disclosed in our Annual Report on Form 10-K and other filings with the SEC on www.sec.gov.

All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.

Investors:
CORE IR
IR@abundiaglobalimpactgroup.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Abundia Global Impact Group (AGIG) announce on August 24, 2026 about a stock buyback?

Abundia Global Impact Group announced Board authorization of a $5,000,000 stock buyback program. According to Abundia, the program allows repurchases of its common stock as part of disciplined capital allocation and follows a credit facility that enabled retirement of convertible debt.

How large is the Abundia Global Impact Group (AGIG) stock repurchase program relative to its float?

The buyback program permits repurchases of up to approximately 12% of Abundia’s total outstanding float. According to Abundia, this percentage is based on the August 21, 2026 closing price of its common stock and reflects management’s view that the shares are significantly undervalued.

When will the Abundia Global Impact Group (AGIG) $5 million buyback program start?

The stock buyback program is expected to begin immediately. According to Abundia, repurchases under the authorization may be made over time in the open market or through privately negotiated transactions, subject to available cash, general business conditions, and the pricing of its common stock.

How will Abundia Global Impact Group (AGIG) execute its authorized stock repurchases?

Abundia may repurchase shares in the open market, privately negotiated deals, or other permitted methods. According to Abundia, the program will be managed in compliance with Rules 10b-18 and 10b-5, without obligating the company to buy a specific number of shares.

Does the Abundia Global Impact Group (AGIG) buyback program support NYSE American listing compliance?

Yes, the company highlights listing compliance as one aim of the program. According to Abundia, the buyback functions as a capital management tool to support NYSE American listing requirements and to allocate capital prudently when market prices make repurchases attractive.

Is Abundia Global Impact Group (AGIG) required to complete the full $5 million buyback?

No, the company is not obligated to repurchase a specific amount of stock. According to Abundia, the number and timing of share repurchases will depend on cash availability, business conditions, and share price, and the program can be suspended, modified, or terminated.