Leatt Corp Announces Share Repurchase Program

Rhea-AI Summary

Leatt (OTCQB: LEAT) announced Board authorization of a new share repurchase program for its outstanding common stock.

The plan allows buybacks of up to $419,410, representing the remaining balance from a prior $750,000 authorization, and runs through December 31, 2026, with repurchases at the Board’s discretion.

AI-generated analysis. Not financial advice.

Positive

• New share repurchase authorization of up to $419,410 of common stock
• Continuation of prior $750,000 share repurchase capacity using remaining balance
• Program runs through December 31, 2026, allowing multi‑year capital return flexibility

Negative

• Company states there is no assurance any shares will actually be repurchased
• Repurchase program can be suspended or discontinued at any time before December 31, 2026

News Market Reaction – LEAT

+4.54%

1 alert

+4.54% News Effect

On the day this news was published, LEAT gained 4.54%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

CAPE TOWN, South Africa, May 13, 2026 /PRNewswire/ -- Leatt Corporation (OTCQB: LEAT), a leading developer and marketer of head-to-toe protective equipment for MOTO, MTB, ADV, and a wide range of extreme and high-velocity sports, today announced that its Board of Directors has authorized a new share repurchase program of the Company's outstanding common stock.

"We are pleased that our Board of Directors has authorized the continuation of our previously announced share repurchase program which authorized a repurchase of common stock to the value of $ 750,000," said Sean Macdonald, Chief Executive Officer. "The Board approved the new shareholder repurchase plan of up to $419,410 of the Company's outstanding common stock, which is the balance remaining of the previous plan. We believe that this demonstrates our continued confidence in the strength of the Company and our business plan, as well as our commitment to enhance long-term shareholder value."

Repurchases may be made from time to time at the discretion of the Board of Directors through open-market transactions in accordance with applicable securities laws. The repurchase program expires on December 31, 2026, and can be suspended or discontinued at any time prior to the expiration date. There can be no assurance as to the timing or number of shares of any repurchases, if any.

About Leatt Corp

Driven by the science of thrill, Leatt Corporation develops head-to-toe personal protective gear for various sports, with a focus on mountain biking and extreme motorsports. This includes the award-winning Leatt-Brace^®, a neck brace system considered the gold standard for neck protection when worn in conjunction with a helmet. Leatt products are designed for participants in extreme sports that use motorcycles, bicycles, mountain bikes, all-terrain vehicles, snowmobiles, and other open-air vehicles.

For more information, visit www.leatt.com.
Follow Leatt^® on Facebook, Twitter, and Instagram.

Forward-looking Statements

This press release may contain forward-looking statements regarding Leatt Corporation (the "Company") within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding the significance of the Company's share repurchase plan and its ability to enhance the long-term value of the Company's securities; the general ability of the Company to achieve its commercial objectives, including its continued development and manufacturing of cutting-edge protective products; the business strategy, plans and objectives of the Company; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects," "anticipates," "seeks," "should," "could," "intends," or "projects" or similar expressions, and involve known and unknown risks and uncertainties. These statements are based upon the Company's current expectations and speak only as of the date hereof. Any indication of the merits of a claim does not necessarily mean the claim will prevail at trial or otherwise. Financial performance in one period does not necessarily mean continued or better performance in the future. The Company's actual results in any endeavor may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, which factors or uncertainties may be beyond our ability to foresee or control. Other risk factors include the status of the Company's common stock as a "penny stock" and those listed in other reports posted on The OTC Markets Group, Inc.

View original content:https://www.prnewswire.com/news-releases/leatt-corp-announces-share-repurchase-program-302770404.html

SOURCE Leatt Corporation

FAQ

What did Leatt (OTCQB: LEAT) announce about its new share repurchase program on May 13, 2026?

Leatt announced Board approval of a new share repurchase program for its outstanding common stock, using the remaining balance of a prior authorization. According to Leatt, the plan enables further discretionary open‑market buybacks, subject to applicable securities laws and Board decisions.

How large is Leatt’s 2026 share repurchase authorization and what remains from the prior LEAT program?

Leatt’s new repurchase plan authorizes up to $419,410 of common stock, equal to the remaining balance of a previous $750,000 program. According to Leatt, this continues its earlier capital return initiative without increasing the total initial authorization.

When does Leatt’s (LEAT) current share repurchase program expire?

Leatt’s share repurchase program is scheduled to expire on December 31, 2026, unless ended earlier. According to Leatt, the Board may suspend or discontinue the plan at any time before that date, and timing of any purchases remains at its discretion.

How will Leatt execute the LEAT share repurchase program in the market?

Leatt may complete repurchases through open‑market transactions, subject to applicable securities laws and Board decisions. According to Leatt, purchases can occur from time to time, with no fixed schedule or guaranteed number of shares to be bought.

Does Leatt guarantee that shares will be repurchased under the 2026 LEAT buyback program?

Leatt does not guarantee that any shares will be repurchased under the program. According to Leatt, there can be no assurance regarding the timing or total number of shares repurchased, even though authorization up to $419,410 is in place.

What does Leatt say the share repurchase program means for LEAT shareholders?

Leatt indicates the repurchase plan reflects confidence in the company’s strength, business plan, and long‑term value. According to Leatt, continuing the authorization aligns with its stated commitment to enhancing long‑term shareholder value through potential future buybacks.