Star Equity Holdings, Inc. Completes $5 Million Share Repurchase Authorization
Star Equity Holdings (NASDAQ:STRR) has completed its $5 million share repurchase program that was authorized in August 2023. The company's Board of Directors has now authorized a new $3 million share repurchase program for its outstanding common stock.
CEO Jeff Eberwein emphasized that this initiative demonstrates the company's commitment to enhancing shareholder value and reflects the Board's confidence in Star's business strength and growth prospects. The repurchases may be executed through various methods, including open market transactions, privately negotiated deals, and block trades, with timing and amount depending on market conditions and other factors.
Star Equity Holdings (NASDAQ:STRR) ha portato a termine il programma di riacquisto azioni da 5 milioni di dollari autorizzato nell'agosto 2023. Il Consiglio di Amministrazione ha ora approvato un nuovo programma di riacquisto da 3 milioni di dollari per le azioni ordinarie in circolazione.
Il CEO Jeff Eberwein ha sottolineato che questa iniziativa dimostra l'impegno della società a incrementare il valore per gli azionisti e riflette la fiducia del CdA nella solidità e nelle prospettive di crescita di Star. I riacquisti potranno essere effettuati con diverse modalità, tra cui operazioni in mercato aperto, transazioni negoziate privatamente e block trade, con tempistica e importi soggetti alle condizioni di mercato e ad altri fattori.
Star Equity Holdings (NASDAQ:STRR) ha completado su programa de recompra de acciones de 5 millones de dólares autorizado en agosto de 2023. La Junta Directiva ha aprobado ahora un nuevo programa de recompra de 3 millones de dólares para las acciones ordinarias en circulación.
El director ejecutivo Jeff Eberwein destacó que esta iniciativa demuestra el compromiso de la compañía con aumentar el valor para los accionistas y refleja la confianza del consejo en la solidez y las perspectivas de crecimiento de Star. Las recompras podrán ejecutarse mediante distintos métodos, incluidas transacciones en el mercado abierto, acuerdos negociados privatamente y block trades, con la sincronización y el monto condicionados a las condiciones del mercado y otros factores.
Star Equity Holdings (NASDAQ:STRR)는 2023년 8월 승인된 500만 달러 규모의 자사주 매입 프로그램을 완료했습니다. 회사 이사회는 이제 유통 보통주에 대해 300만 달러 규모의 새로운 자사주 매입 프로그램을 승인했습니다.
CEO 제프 에버웨인은 이 조치가 주주 가치 제고에 대한 회사의 의지를 보여주며 이사회가 Star의 사업 건전성과 성장 전망을 신뢰하고 있음을 반영한다고 강조했습니다. 매입은 공개 시장 거래, 사적 협상 거래 및 블록 트레이드를 포함한 다양한 방식으로 실행될 수 있으며 시기와 규모는 시장 상황 및 기타 요인에 따라 달라질 수 있습니다.
Star Equity Holdings (NASDAQ:STRR) a achevé son programme de rachat d'actions de 5 millions de dollars autorisé en août 2023. Le conseil d'administration a désormais approuvé un nouveau programme de rachat de 3 millions de dollars pour les actions ordinaires en circulation.
Le PDG Jeff Eberwein a souligné que cette initiative illustre l'engagement de la société à renforcer la valeur pour les actionnaires et reflète la confiance du conseil dans la solidité et les perspectives de croissance de Star. Les rachats pourront être effectués par divers moyens, y compris des transactions sur le marché ouvert, des accords négociés en privé et des block trades, le calendrier et le montant dépendant des conditions du marché et d'autres facteurs.
Star Equity Holdings (NASDAQ:STRR) hat sein im August 2023 genehmigtes 5-Millionen-Dollar-Aktienrückkaufprogramm abgeschlossen. Der Verwaltungsrat hat nun ein neues Aktienrückkaufprogramm über 3 Millionen Dollar für die ausstehenden Stammaktien genehmigt.
CEO Jeff Eberwein betonte, dass diese Maßnahme das Engagement des Unternehmens zur Steigerung des Aktionärswerts zeige und das Vertrauen des Vorstands in die Stärke und die Wachstumsaussichten von Star widerspiegele. Die Rückkäufe können auf verschiedenen Wegen erfolgen, darunter Transaktionen am offenen Markt, privat ausgehandelte Geschäfte und Blocktrades; Zeitpunkt und Umfang hängen von den Marktbedingungen und weiteren Faktoren ab.
- Successfully completed $5 million share repurchase program
- New $3 million share repurchase program authorized
- Enhanced scale and improved financial position following recent merger
- Flexibility to both invest in operations and repurchase shares
- Share repurchase program has no obligation to acquire specific number of shares
- Program can be modified, suspended, or discontinued at company's discretion
Insights
Star Equity completed $5M buyback, authorized new $3M program, signaling management confidence and commitment to shareholder value.
Star Equity's announcement carries positive implications for shareholders. The company has completed its $5 million share repurchase program initiated in August 2023 and is now authorizing an additional $3 million buyback. This sequential authorization demonstrates sustained confidence from management in the company's underlying value and future prospects.
Share repurchases typically benefit shareholders in multiple ways. First, they reduce the number of outstanding shares, potentially increasing earnings per share and ownership stakes of existing shareholders. Second, they can provide price support by creating additional demand for shares in the market. Third, and perhaps most importantly, they signal management's belief that shares are undervalued relative to the company's intrinsic value.
The timing is particularly notable following Star's recent merger (formerly Hudson Global). Management clearly believes they have sufficient capital to both fund operations and return value to shareholders through these repurchases. CEO Jeff Eberwein explicitly states they view share repurchases as an "attractive use of capital" while maintaining ability to "invest in operations," suggesting a balanced capital allocation strategy.
The flexible implementation approach (open market transactions, private negotiations, block trades, etc.) gives management tactical options to optimize the timing and pricing of repurchases. While the authorization doesn't obligate the company to repurchase the full amount, the completion of the previous larger program indicates commitment to execution.
Board of Directors Authorizes New
OLD GREENWICH, Conn., Sept. 10, 2025 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR and STRRP) formerly, Hudson Global, Inc. (Nasdaq: HSON and HSONP) (“Star” or the “Company”), a diversified holding company, announced today that it has completed its
Jeff Eberwein, Star’s CEO, noted, “Today’s announcement reflects our continued commitment to enhancing shareholder value and our Board’s confidence in the strength of Star’s business and long-term growth prospects. Our enhanced scale and improved financial position following the recently completed merger enable us to both invest in our operations and repurchase shares, and we continue to view share repurchases as an attractive use of capital.”
Repurchases under the program may be made from time to time through a variety of methods, which may include open market transactions, privately negotiated transactions, in block trades, through 10b5-1 trading plans, accelerated share repurchase transactions, exchange transactions, any combination of such methods, or other means in accordance with applicable securities laws. The timing and amount of any repurchases will depend on a variety of factors, including the Company’s stock price, general market and economic conditions, and other corporate considerations. The share repurchase program does not obligate the Company to acquire any particular number of shares and may be modified, suspended, or discontinued at any time at the Company’s discretion.
About Star Equity Holdings, Inc.
Star Equity Holdings, Inc. is a diversified holding company that seeks to build long-term shareholder value by acquiring, managing, and growing businesses with strong fundamentals and market opportunities. Its current structure comprises four divisions: Building Solutions, Business Services, Energy Services, and Investments. For more information visit www.starequity.com.
On August 22, 2025, the Company completed its previously announced acquisition of Star Operating Companies, Inc. (“Star Operating”, formerly known as Star Equity Holdings, Inc.), pursuant to the Agreement and Plan of Merger, dated as of May 21, 2025 (the “Merger Agreement”), by and among the Company, Star Operating and HSON Merger Sub, Inc., a wholly owned subsidiary of the Company (“Merger Sub”). Upon the terms and subject to the conditions of the Merger Agreement, on August 22, 2025, at the effective time of the merger pursuant to the Merger Agreement (the “Merger”), Merger Sub merged with and into Star Operating, with Star Operating continuing as the surviving corporation of the Merger as a wholly owned subsidiary of the Company. Effective September 5, 2025, the Company changed (i) its name to Star Equity Holdings, Inc. and (ii) its trading symbol on Nasdaq to STRR and STRRP.
Building Solutions
The Building Solutions division operates in three niches: (i) modular building manufacturing; (ii) structural wall panel and wood foundation manufacturing, including building supply distribution operations; and (iii) glue-laminated timber (glulam) column, beam, and truss manufacturing.
Business Services
The Business Services division provides flexible and scalable recruitment solutions to a global clientele, servicing organizations at all levels, from entry-level positions to the C-suite. The division focuses on mid-market and enterprise organizations worldwide, partnering consultatively with talent acquisition, HR, and procurement leaders to build diverse, high-impact teams and drive business success.
Energy Services
The Energy Services division engages in the rental, sale, and repair of downhole tools used in the oil and gas, geothermal, mining, and water-well industries.
Investments
The Investments division manages and finances the Company’s real estate assets as well as its investment positions in private and public companies.
Investor Relations:
The Equity Group
Lena Cati
212 836-9611
lcati@theequitygroup.com
Forward-Looking Statements
This press release contains statements that the Company believes to be "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this press release, including statements regarding the Company's future financial condition, results of operations, business operations and business prospects, are forward-looking statements. Words such as “anticipate,” "estimate," "expect," "project," "intend," "plan," "predict," "believe" and similar words, expressions and variations of these words and expressions are intended to identify forward-looking statements. All forward-looking statements are subject to important factors, risks, uncertainties, and assumptions, including industry and economic conditions that could cause actual results to differ materially from those described in the forward-looking statements. Such factors, risks, uncertainties and assumptions include, but are not limited to, (1) global economic fluctuations, (2) the Company’s ability to successfully achieve its strategic initiatives, (3) risks related to potential acquisitions or dispositions of businesses by the Company, (4) risks related to the market price of the Company’s common stock relative to the value suggested by the exchange ratio in the Merger Agreement, (5) unexpected costs, charges or expenses resulting from the Merger, (6) potential adverse reactions or changes to business relationships resulting from the completion of the Merger, (7) risks related to the inability of the combined company to successfully operate as a combined business, (8) risks associated with the possible failure to realize certain anticipated benefits of the Merger, including with respect to future financial and operating results, (9) risks related to fluctuations in the Company’s operating results from quarter to quarter due to various factors such as rising inflationary pressures and interest rates, (10) the loss of or material reduction in our business with any of the Company’s largest customers, (11) the ability of clients to terminate their relationship with the Company at any time, (12) competition in the Company’s markets, (13) the negative cash flows and operating losses that may recur in the future, (14) risks relating to how future credit facilities may affect or restrict our operating flexibility, (15) risks associated with the Company’s investment strategy, (16) risks related to international operations, including foreign currency fluctuations, political events, trade wars, natural disasters or health crises, including the Russia-Ukraine war, and potential conflict in the Middle East, (17) the Company’s dependence on key management personnel, (18) the Company’s ability to attract and retain highly skilled professionals, management, and advisors, (19) the Company’s ability to collect accounts receivable, (20) the Company’s ability to maintain costs at an acceptable level, (21) the Company’s heavy reliance on information systems and the impact of potentially losing or failing to develop technology, (22) risks related to providing uninterrupted service to clients, (23) the Company’s exposure to employment-related claims from clients, employers and regulatory authorities, current and former employees in connection with the Company’s business reorganization initiatives, and limits on related insurance coverage, (24) the Company’s ability to utilize net operating loss carryforwards, (25) volatility of the Company’s stock price, (26) the impact of government regulations and deregulation efforts, (27) restrictions imposed by blocking arrangements, (28) risks related to the use of new and evolving technologies, (29) the adverse impacts of cybersecurity threats and attacks and (30) those risks set forth in “Risk Factors in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024.” Additional information concerning these, and other factors is contained in the Company's filings with the Securities and Exchange Commission (“SEC”). These forward-looking statements speak only as of the date of this document. The Company assumes no obligation, and expressly disclaims any obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.
FAQ
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