DocGo (NASDAQ: DCGO) extends $26M stock repurchase program to June 30, 2026
Rhea-AI Filing Summary
DocGo Inc. extended the expiration date of its existing share repurchase program from December 31, 2025 to June 30, 2026. The program continues to authorize the company to repurchase up to $26 million of its common stock.
DocGo may buy shares from time to time through open-market purchases, privately negotiated transactions, or arrangements such as Rule 10b5-1 trading plans and accelerated share repurchase programs, during trading windows when it is not in possession of material non-public information. Repurchases may be funded with existing cash and cash equivalents, future cash flow, or proceeds of borrowings or debt offerings, and the program can be modified, suspended, or discontinued at any time.
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Insights
DocGo extends time to use its existing $26M stock buyback.
DocGo's board approved an extension of its share repurchase program, moving the expiration from
The company may execute repurchases via open-market purchases, privately negotiated deals, or structures like Rule 10b5-1 trading plans and accelerated share repurchase programs, when in an open window and not holding material non-public information. Funding can come from existing cash, future cash flow, or borrowings, giving multiple potential sources of capital.
The program is discretionary and can be modified, suspended, or discontinued without notice, so actual impact depends on how many shares DocGo elects to repurchase before
FAQ
What did DocGo (DCGO) announce regarding its share repurchase program?
DocGo's board approved an extension of its existing share repurchase program, moving the expiration date from December 31, 2025 to June 30, 2026, with all other terms unchanged.
How much stock can DocGo repurchase under the extended program?
The program authorizes DocGo to purchase up to $26 million in shares of its common stock, as previously disclosed.
What methods can DocGo use to repurchase DCGO shares?
DocGo may repurchase shares through open market transactions, privately negotiated deals, or other means, including Rule 10b5-1 trading plans and accelerated share repurchase programs, during open trading windows.
How will DocGo fund its share repurchases?
Repurchases under the program may be funded from DocGo's existing cash and cash equivalents, future cash flow, or proceeds of borrowings or debt offerings.
Is DocGo required to complete the full $26 million in repurchases?
No. The timing and actual number of shares repurchased will depend on factors such as stock price, trading volume, market conditions, and corporate and regulatory requirements, and the program can be modified, suspended, or discontinued at any time.
Is the information about DocGo’s repurchase program considered filed with the SEC?
The information about the repurchase program in this report is being furnished under Regulation FD and is not deemed "filed" for purposes of the Securities Exchange Act of 1934.