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Abacus Global Management (ABX) unveils $100 million share repurchase through 2028

(High)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Abacus Global Management, Inc. announced that its Board of Directors has authorized a new share repurchase program for up to $100 million of common stock. The program begins on August 17, 2026 and may continue through May 6, 2028.

Repurchases may occur in the open market or through privately negotiated transactions, including accelerated share repurchase transactions, block trades and Rule 10b5-1 trading plans. Abacus states that this authorization aligns with its capital allocation framework and follows approximately $80 million of stock repurchased under prior programs since December 2023.

The company expects to fund the program primarily from ongoing free cash flow generation and proceeds from balance sheet transactions, supplemented by cash on hand. Management highlights a strategy of balancing investment in origination growth, technology and acquisitions with returning capital to shareholders via this repurchase program.

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Filing Explained

The August 13 filing authorizes up to $100 million of repurchases beginning August 17, but reports no purchases under this program, so it creates repurchase capacity rather than a completed reduction in shares outstanding.

Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
New share repurchase authorization $100 million Authorized by the Board for common stock repurchases
Prior repurchases $80 million Common stock repurchased under prior programs since December 2023
Program start date August 17, 2026 Commencement date of the new share repurchase program
Program end date May 6, 2028 Date through which the repurchase program may continue
Senior notes coupon 9.875% Fixed Rate Senior Notes due 2028 listed on the New York Stock Exchange
accelerated share repurchase financial
"including accelerated share repurchase transactions, block trades, Rule 10b5-1"
An accelerated share repurchase is a deal where a company hires a bank to buy back a large block of its own stock immediately on the open market, with the bank later settling the exact number of shares over time. For investors it matters because the immediate reduction in shares outstanding can raise per‑share earnings and often supports the stock price, but it also uses company cash or borrowing and can change liquidity and future growth funding.
Rule 10b5-1 trading plans regulatory
"including accelerated share repurchase transactions, block trades, Rule 10b5-1 trading plans"
Rule 10b5-1 trading plans are written, pre-arranged instructions that allow company insiders (such as executives or directors) to automatically buy or sell their company's stock at specified times or under set conditions, like a standing instruction or automated thermostat for trades. They matter to investors because these plans provide a legal defense against insider‑trading accusations and create predictable insider trading patterns that can help signal whether sales are routine portfolio management or potentially meaningful to the company’s outlook.
longevity-based assets financial
"with a focus on longevity-based assets and personalized financial planning"
forward-looking statements regulatory
"All statements in this press release other than historical facts are forward-looking statements"
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.
capital allocation framework financial
"This authorization aligns with the Company’s capital allocation framework"
A capital allocation framework is a set of guiding principles that a company uses to decide how to distribute its financial resources among various needs, such as investing in growth, paying dividends, or reducing debt. It helps ensure that the company's money is used efficiently to create value over time. For investors, understanding this framework offers insight into how a company plans to grow and manage its finances sustainably.

FAQ

What did Abacus Global Management (ABX) announce regarding share repurchases?

Abacus Global Management’s Board authorized a new $100 million share repurchase program. The company may repurchase common stock in the open market or through privately negotiated transactions, including accelerated share repurchases, block trades, and Rule 10b5-1 trading plans, over an extended period.

When does Abacus Global Management’s (ABX) new share repurchase program start and end?

The new share repurchase program begins on August 17, 2026 and may continue until May 6, 2028. During this period, Abacus can buy back up to $100 million of its common stock using various transaction methods described in the announcement.

How large is Abacus Global Management’s (ABX) new buyback compared to prior repurchases?

The newly authorized program is for up to $100 million of common stock. Abacus notes this builds on approximately $80 million of stock repurchased under prior authorized programs since December 2023, reflecting continued use of buybacks within its capital allocation framework.

How does Abacus Global Management (ABX) plan to fund the $100 million repurchase program?

Abacus expects to fund the share repurchase program primarily through ongoing free cash flow and proceeds from balance sheet transactions, supplemented by cash on hand. This approach is described as part of the company’s broader capital allocation strategy.

What businesses does Abacus Global Management (ABX) focus on alongside the buyback?

Abacus describes itself as a financial services company focused on alternative asset management, data-driven wealth solutions, technology innovations, and institutional services. It emphasizes longevity-based assets and personalized financial planning supported by proprietary data analytics and industry expertise.

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

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
__________________
FORM 8-K
__________________
CURRENT REPORT
Pursuant to Section 13 or Section 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 13, 2026
__________________
Abacus Global Management, Inc.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation
or organization)
001-39403
(Commission
File Number)
85-1210472
(I.R.S. Employer
Identification Number)
333 South Garland Avenue, Suite 1500
Orlando, Florida 32801

(Address of principal executive offices)

(800) 561-4148

(Registrant’s telephone number, including area code)
__________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation to the registrant under any of the following provisions:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading SymbolsName of each exchange on which registered
Common stock, par value $0.0001 per shareABX
New York Stock Exchange
9.875% Fixed Rate Senior Notes due 2028ABXL
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company    o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.    o
Item 7.01 Regulation FD Disclosure
On August 13, 2026, Abacus Global Management, Inc. (the “Company”) issued a press release announcing a $100 million Stock Repurchase Program (as defined below in Item 8.01). The full text of the press release is included as Exhibit 99.1 to this current report on Form 8-K and is incorporated by reference hereto.

The information contained in Item 7.01 and in the accompanying Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, unless expressly incorporated by specific reference in such filing.



Item 8.01 Other Events
Stock Repurchase Program

On August 13, 2026, the Board of Directors (the “Board”) of the Company authorized and approved a new stock repurchase program (the “Stock Repurchase Program”), commencing August 17, authorizing the purchase of up to $100 million of the Company’s common stock in the open market or in privately negotiated transactions, including accelerated share repurchase transactions, block trades, Rule 10b5-1 trading plans, or otherwise, from time to time until May 6, 2028.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits:
Exhibit NumberExhibit Description
99.1
Press Release dated August 13, 2026
104Cover Page Interactive Data File (embedded within the Inline XBRL document)



SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
Abacus Global Management, Inc.
(Registrant)
Date: August 13, 2026By:/s/ Jay Jackson
Name:Jay Jackson
Title:Chief Executive Officer


ABACUS GLOBAL MANAGEMENT, INC. ANNOUNCES $100 MILLION SHARE REPURCHASE PROGRAM
ORLANDO, Fla. – August 13, 2026 – Abacus Global Management, Inc. (“Abacus” or the “Company”) (NYSE: ABX), a financial services company specializing in alternative asset management, data-driven wealth solutions, technology innovations, and institutional services with a focus on longevity-based assets and personalized financial planning, today announced that its Board of Directors has authorized a $100 million share repurchase program, commencing August 17, 2026. This authorization aligns with the Company’s capital allocation framework and builds on the approximately $80 million of the Company’s common stock repurchased under prior authorized programs since December 2023.
Jay Jackson, Chief Executive Officer, commented, “At our Investor Day, we discussed our belief that Abacus is building the infrastructure for lifespan-linked finance and is uniquely positioned to capitalize on one of the largest wealth transfer opportunities in history. This repurchase authorization reflects our confidence in that vision, the strength of our business model and our ability to continue generating attractive returns on capital. We remain committed to balancing investment in our growth initiatives with prudent returns of capital to shareholders.”

Abacus expects to fund the share repurchase program through ongoing free cash flow generation and proceeds from balance sheet transactions, supplemented by cash on hand. The Company’s capital allocation strategy is designed to balance continued investment in origination growth, technology, and acquisitions with the return of capital to shareholders through the share repurchase program.

Forward-Looking Statements

All statements in this press release (and oral statements made regarding the subjects of this press release) other than historical facts are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and factors that could cause actual results to differ materially from such statements, many of which are outside the control of Abacus. Forward-looking information includes but is not limited to statements regarding: Abacus’s financial and operational outlook; Abacus’s operational and financial strategies, including planned growth initiatives and the benefits thereof; Abacus’s ability to successfully effect those strategies, and the expected results therefrom; projections of future earnings and expected capital; Abacus’ ability to generate future cash flows; securitization schedules and timing; future demand for Abacus’ products and services; and the reliability of the Company’s fund structures and corresponding market confidence and expectations. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “expect,” ”intend,” “anticipate,” “goals,” “prospects,” “will,” “would,” “will continue,” “will likely result,” and similar expressions (including the negative versions of such words or expressions).

While Abacus believes that the assumptions concerning future events are reasonable, it cautions that there are inherent difficulties in predicting certain important factors that could impact the future performance or results of its business. The factors that could cause results to differ materially from those indicated by such forward-looking statements include, but are not limited to:  the potential impact of our business relationships, including with our employees, customers and competitors; changes in general economic and business and conditions, including changes in the financial markets; political instability both in the U.S. and abroad, to include political violence, terrorism, and war; weakness or adverse changes in the level of activity in our sector or the sectors of our affiliated companies, which may be caused by, among other things, high or increasing interest rates, or a weak U.S. economy; significant competition that our operating subsidiaries face; compliance with extensive government regulation; the failure to meet Abacus’s investment objectives; the inability to raise capital on favorable terms or at all; and the effectiveness of Abacus’s control environment, including the identification of control deficiencies.




These forward-looking statements are also affected by the risk factors, forward-looking statements and challenges and uncertainties set forth in documents filed by Abacus with the U.S. Securities and Exchange Commission from time to time, including the Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and subsequent periodic reports. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Abacus cautions you not to place undue reliance on the forward-looking statements contained in this press release. Forward-looking statements speak only as of the date they are made. Abacus assumes no obligation and, except as required by law, does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Abacus does not give any assurance that it will achieve its expectations.
Risk disclosure: All securities investing and trading activities risk the loss of capital. Investors should carefully review the offering documents and consult with their own legal, tax, and financial advisors regarding the suitability of investments.
About Abacus

Abacus Global Management (NYSE: ABX) is a financial services company specializing in alternative asset management, data-driven wealth solutions, technology innovations, and institutional services. With a focus on longevity-based assets and personalized financial planning, Abacus leverages proprietary data analytics and decades of industry expertise to deliver innovative solutions that optimize financial outcomes for individuals and institutions worldwide.
For more information, please visit www.abacusgm.com

Contacts:

Investor Relations


David Jackson – Head of Investor Relations
david@abacusgm.com
(321) 299-0716

Public Relations
press@abacusgm.com


Filing Exhibits & Attachments

5 documents