Parks! America Authorizes Share Repurchase Program

Rhea-AI Summary

Parks! America (OTCQX: PRKA) announced that its Board authorized a share repurchase program to buy up to the lesser of 75,000 shares (9.95% of shares outstanding) or $3.0 million of common stock, announced December 17, 2025. The program does not obligate purchases, may be suspended or discontinued at the company’s discretion, and repurchases will be funded from the company’s cash on hand.

The company operates three regional safari parks and referenced its Annual Report on Form 10-K for the fiscal year ended September 28, 2025 for additional information. The release included a standard forward-looking statements caution and investor contact details.

Positive

• Authorization to repurchase up to 75,000 shares (9.95% outstanding)
• Buyback cap set at $3.0 million
• Repurchases will be funded from the company’s cash on hand

Negative

• Uses up to $3.0 million of cash, reducing liquidity
• Program may be suspended or discontinued, so repurchases are not guaranteed

Key Figures

Authorized repurchases 75,000 shares Maximum shares under repurchase program

Repurchase capacity 9.95% of shares outstanding Portion of outstanding shares eligible for buyback

Dollar cap $3 million Maximum dollar value for repurchases

Funding source Cash on hand Repurchases to be funded from existing cash

Safari parks 3 parks Number of regional safari parks operated

Fiscal year-end September 28, 2025 Year-end referenced in latest Form 10-K

Market Reality Check

$39.55 Last Close

Volume Volume 584 is about 0.79x the 20-day average of 741, suggesting no pre-news volume spike. normal

Technical Shares at $39.72 are trading below the 200-day MA of $164.46 and 83.45% below the 52-week high of $240.

Peers on Argus

PRKA was modestly positive at 0.1% with light volume, while key leisure peer DSHK rose 2.48% and others were flat, indicating stock-specific rather than sector-driven action.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Aug 08	Earnings update	Positive	+1.3%	Stronger Q3 FY2025 profitability and improved income before taxes.

Pattern Detected

Limited history shows positive earnings news aligning with a modest positive price reaction.

Recent Company History

This announcement follows a period of improving fundamentals. In Q3 FY2025, PRKA reported consolidated revenues of $3.48 million and income before taxes of $1.08 million, a sharp improvement from $87,070 a year earlier. For the 39-week period, income before taxes improved from a $1.73 million loss to a $1.03 million profit, supported by $2.69 million in cash and short-term investments. The new share repurchase authorization now layers capital-return flexibility on top of those improving results.

Market Pulse Summary

This announcement highlights a board-authorized share repurchase program covering up to 75,000 shares (up to 9.95% of shares outstanding) or $3 million, funded from cash on hand. It follows a year in which Parks! America returned to profitability and detailed its results in the latest Form 10-K for the year ended September 28, 2025. Investors may track actual buyback execution, future earnings releases, cash levels, and any updates to risk factors in SEC filings to gauge the ongoing impact.

Key Terms

share repurchase program financial

"its Board of Directors has authorized a share repurchase program allowing"

A share repurchase program is when a company buys back its own shares from the marketplace. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's prospects. For investors, it often suggests that the company believes its stock is undervalued or that it has extra cash to return to shareholders.

common stock financial

"or $3 million of the Company’s common stock. The share repurchase"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

cash on hand financial

"Payment for shares repurchased under the program will be funded using the Company’s cash on hand."

Cash on hand is the amount of ready money a company holds in its bank accounts and short-term equivalents that can be used immediately. Investors care because it shows whether a company can pay bills, cover unexpected costs, invest in opportunities, or weather a downturn—like a household’s emergency fund that signals short-term safety and flexibility for future plans.

annual report on form 10-k regulatory

"Annual Report on Form 10-K for the fiscal year ended September 28, 2025"

An annual report on Form 10‑K is a required, comprehensive filing that publicly traded companies give to regulators and investors summarizing their business, results of operations, detailed financial statements reviewed by independent auditors, material risks, legal issues and management’s discussion of performance. Investors use it like a company’s year‑end report card and medical checkup: it reveals how the business made money, where it is vulnerable, and the facts needed to compare value, judge risk and make informed investment decisions.

forward-looking statements regulatory

"This news release may contain “forward-looking statements” within the meaning"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

liquidity financial

"include statements concerning the Company’s future plans, business strategy, liquidity, capital expenditures"

Liquidity is how easily and quickly an asset or investment can be converted into cash without losing value. It matters to investors because higher liquidity means they can access their money quickly if needed, while lower liquidity can make it harder to sell assets promptly or at a fair price, potentially creating financial challenges. Think of it like trying to sell a common item versus a rare collectible—it's much easier to sell the common item fast.

capital expenditures financial

"future plans, business strategy, liquidity, capital expenditures, sources of revenue"

Capital expenditures are the money a company spends to buy or improve big assets like buildings, equipment, or machines that will last a long time. These investments matter because they help the company grow and operate more efficiently, similar to how upgrading a home’s appliances or adding a new room can make it better and more valuable.

securities and exchange commission regulatory

"reports filed from time to time with the Securities and Exchange Commission."

A national government agency that enforces rules for buying, selling and disclosing information about stocks and other investments, acting like a referee and scorekeeper for financial markets. It requires companies to share clear, regular financial and business information and investigates fraud or rule-breaking, which matters to investors because those rules and disclosures help ensure fair prices, reduce hidden risks and make it easier to compare investment choices.

AI-generated analysis. Not financial advice.

PINE MOUNTAIN, Georgia, Dec. 17, 2025 (GLOBE NEWSWIRE) -- Parks! America, Inc. (OTCQX: PRKA), today announced that its Board of Directors has authorized a share repurchase program allowing the Company to repurchase up to the lesser of 75,000 shares (9.95% of shares outstanding) or $3 million of the Company’s common stock.

The share repurchase program does not obligate the Company to acquire any particular amount of its common stock, and the program may be suspended or discontinued at any time at the Company’s discretion. Payment for shares repurchased under the program will be funded using the Company’s cash on hand.

About Parks! America, Inc.

Parks! America, Inc. (OTCQX: PRKA), through its wholly owned subsidiaries, owns and operates three regional safari parks and is in the business of acquiring, developing and operating local and regional entertainment assets in the United States.

Additional information, including our Annual Report on Form 10-K for the fiscal year ended September 28, 2025, is available in the Investor Info section of the Company’s website, www.parksamerica.com.

Cautionary Note Regarding Forward Looking Statements

This news release may contain “forward-looking statements” within the meaning of U.S. securities laws. Forward-looking statements include statements concerning the Company’s future plans, business strategy, liquidity, capital expenditures, sources of revenue and other similar statements that are not historical in nature. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the Company’s expectations as of the date of this news release and speak only as of the date hereof. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results to differ significantly from those expressed or implied by such forward-looking statements. Readers are advised to consider the factors listed under the heading “Risk Factors” and the other information contained in the Company’s Annual Report on Form 10-K and other reports filed from time to time with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

Contact:

invest@parksamerica.com

John Grau
InvestorCom
(203) 972-9300
info@investor-com.com

FAQ

What did Parks! America (PRKA) announce on December 17, 2025?

The Board authorized a share repurchase program to buy up to 75,000 shares (9.95%) or $3.0 million, funded from cash on hand.

How many shares can Parks! America (PRKA) repurchase under the new program?

Up to the lesser of 75,000 shares (about 9.95% of shares outstanding) or $3.0 million.

Will Parks! America (PRKA) be required to buy shares under the repurchase program?

No. The program does not obligate the company to acquire any particular amount and may be suspended or discontinued.

How will Parks! America (PRKA) fund repurchases under the program?

The company said repurchases will be funded using its cash on hand.

Does the Parks! America (PRKA) repurchase program affect company liquidity?

Yes. The program could use up to $3.0 million of cash, which would reduce available liquidity.