STOCK TITAN

Luckin Coffee boosts share buyback to $500M

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Luckin Coffee Inc. (LKNCY) reported that its board of directors has approved an increase in the company’s existing share repurchase program. The aggregate value of Class A ordinary shares, in the form of American depositary shares (ADSs), that the company is authorized to repurchase has been raised by US$200 million, from US$300 million to US$500 million, under the Share Repurchase Program.

The program runs over a 12‑month period from April 30, 2026. As of August 31, 2026, Luckin Coffee had repurchased 71.6 million Class A ordinary shares (equivalent to 8.9 million ADSs) for total consideration of US$287.2 million. Repurchases may be conducted on the open market, through privately negotiated transactions or block trades, and other legally permissible means, subject to market conditions, applicable regulations, and the company’s discretion. The program does not obligate the company to repurchase any specific amount and may be modified, suspended or discontinued.

Positive

  • US$200 million increase in share repurchase authorization, bringing the total program size to US$500 million, signals board support for returning capital via buybacks.
  • By August 31, 2026, the company had already deployed US$287.2 million to repurchase 71.6 million Class A shares, demonstrating active execution of the buyback program.

Negative

  • None.
Original Share Repurchase Authorization US$300 million Initial Share Repurchase Program launched in April 2026
Increased Share Repurchase Authorization US$500 million Total authorization after US$200 million upsizing approved by the board
Incremental Authorization Increase US$200 million Additional capacity added to the Share Repurchase Program
Shares Repurchased 71.6 million Class A ordinary shares Total repurchased as of August 31, 2026
ADSs Repurchased 8.9 million ADSs Equivalent to 71.6 million Class A ordinary shares repurchased
Repurchase Cash Outlay US$287.2 million Total consideration for repurchases as of August 31, 2026
Program Term 12-month period from April 30, 2026 Defined duration of the Share Repurchase Program
Share Repurchase Program financial
"the Company launched the Share Repurchase Program, pursuant to which the Company was authorized"
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.
American depositary shares financial
"Class A ordinary shares in the form of American depositary shares (“ADSs”)"
American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.
Rule 10b-18 regulatory
"including the requirements under Rule 10b-18 and Rule 10b5-1 of the Exchange Act"
Rule 10b-18 is a regulation that sets strict rules for how a company's executives and employees can buy back their own company's stock from the market. It helps ensure that these buybacks happen in a fair and transparent way, reducing the chance of market manipulation. This is important for investors because it offers protection against unfair practices and promotes confidence in the integrity of the stock market.
Rule 10b5-1 regulatory
"including the requirements under Rule 10b-18 and Rule 10b5-1 of the Exchange Act"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
forward-looking statements regulatory
"This press release contains forward-looking statements within the meaning of Section 21E"
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.

FAQ

What change did Luckin Coffee (LKNCY) announce to its share repurchase program?

Luckin Coffee’s board approved increasing its Share Repurchase Program authorization by US$200 million, raising the total authorized amount from US$300 million to US$500 million, to repurchase Class A ordinary shares in the form of ADSs over the existing program term.

How much stock has Luckin Coffee (LKNCY) repurchased so far under the program?

As of August 31, 2026, Luckin Coffee had repurchased 71.6 million Class A ordinary shares, equivalent to 8.9 million ADSs, for a total consideration of US$287.2 million under its Share Repurchase Program.

What is the total size and term of Luckin Coffee’s (LKNCY) repurchase program after the upsizing?

Following the upsizing, Luckin Coffee is authorized to repurchase up to US$500 million of Class A ordinary shares in ADS form over a 12‑month period starting April 30, 2026, subject to market conditions and regulatory requirements.

How will Luckin Coffee (LKNCY) execute share repurchases under the program?

Repurchases may occur on the open market at prevailing prices, via open‑market transactions, privately negotiated transactions, block trades, or other legally permissible means, in accordance with Rule 10b‑18 and Rule 10b5‑1 and subject to market and economic conditions.

Is Luckin Coffee (LKNCY) required to buy back a specific number of ADSs?

No. The Share Repurchase Program does not obligate Luckin Coffee to acquire any particular number of ADSs. The program may be modified, suspended or discontinued at management’s discretion, and actual repurchases will depend on conditions and capital availability.

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

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Learn about SEC filing dates

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of September 2026

 

Commission File Number 001-38896

 

Luckin Coffee Inc.

(Exact Name of Registrant as Specified in Its Charter)

 

28th Floor, Building T3, Haixi Jingu Plaza

1-3 Taibei Road

Siming District, Xiamen City, Fujian

People’s Republic of China, 361008

+86-592-3386666

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F x   Form 40-F o

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o

 

 

 

 

 

 

SIGNATURES

 

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, thereunto duly authorized.

 

      Luckin Coffee Inc.
         
Date: September 1, 2026   By: /s/ Jing An
        Name: Jing An
        Title: Chief Financial Officer

 

2

 

 

EXHIBIT INDEX

 

Exhibit No.   Description
     
99.1   Press Release Titled “Luckin Coffee Announces Upsizing of Share Repurchase Program.”

 

3

 

 

 

Exhibit 99.1

 

Luckin Coffee Announces Upsizing of Share Repurchase Program

 

BEIJING, September 1, 2026 (GLOBE NEWSWIRE) -- Luckin Coffee Inc. (“Luckin Coffee” or the “Company”) (OTC: LKNCY) today announced that its board of directors has approved the upsizing of the Company’s share repurchase program (the “Share Repurchase Program”). As previously disclosed, in April 2026, the Company launched the Share Repurchase Program, pursuant to which the Company was authorized to repurchase up to US$300 million of its Class A ordinary shares in the form of American depositary shares (“ADSs”) over a 12-month period from April 30, 2026 (the “Term of the Share Repurchase Period”). As of August 31, 2026, the Company had repurchased a total of 71.6 million Class A ordinary shares (equivalent to 8.9 million ADSs) for a total consideration of US$287.2 million under the Share Repurchase Program.

 

The Company’s board of directors has approved an adjustment to the Share Repurchase Program, pursuant to which the aggregate value of shares that the Company is authorized to repurchase under the Share Repurchase Program is increased by US$200 million, from US$300 million to US$500 million. The additional US$200 million repurchase authorization will be effective through the Term of the Share Repurchase Period.

 

The Company’s share repurchases, if any, under the Share Repurchase Program may be made from time to time on the open market at prevailing market prices, in open-market transactions, privately negotiated transactions or block trades, and/or through other legally permissible means, depending on market conditions and in accordance with the applicable rules and regulations. The timing and conditions of the share repurchases will be subject to various factors including the requirements under Rule 10b-18 and Rule 10b5-1 of the Exchange Act. The Company’s board of directors will review the Share Repurchase Program periodically and may authorize adjustments to its terms and size or suspend or discontinue the program.

 

The Share Repurchase Program is dependent upon market and economic conditions, and other factors including price, legal and regulatory requirements and capital availability. The Share Repurchase Program does not obligate Luckin Coffee to acquire any particular number of American depositary shares, and the Share Repurchase Program may be modified or suspended at any time at the management's discretion.

 

 

 

 

SAFE HARBOR STATEMENTS

 

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “potential,” “continue,” “ongoing,” “targets,” “guidance” and similar statements. Luckin Coffee may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about Luckin Coffee’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the expense, timing and outcome of existing or future legal and governmental proceedings or investigations in connection with Luckin Coffee; the outcome and effect of the restructuring of Luckin Coffee’s financial obligations; Luckin Coffee’s growth strategies; its future business development, results of operations and financial condition; the effect of the non-reliance identified in, and the resultant restatement of, certain of Luckin Coffee’s previously issued financial results; the effectiveness of its internal control; its ability to retain and attract its customers; its ability to maintain and enhance the recognition and reputation of its brand; its ability to maintain and improve quality control policies and measures; its ability to establish and maintain relationships with its suppliers and business partners; trends and competition in the coffee industry or the food and beverage sector in general; changes in its revenues and certain cost or expense items; the expected growth of China’s coffee industry or China’s food and beverage sector in general; governmental policies and regulations relating to Luckin Coffee’s industry; and general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks, uncertainties or factors is included in Luckin Coffee’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Luckin Coffee undertakes no obligation to update any forward-looking statement, except as required under applicable law.

 

About Luckin Coffee Inc.

 

Luckin Coffee (OTC: LKNCY) has pioneered a technology-driven retail network to provide coffee and other products of high quality, high convenience and high affordability to customers. Empowered by proprietary technologies, Luckin Coffee pursues its vision to build a world-class coffee brand and become a part of everyone’s daily life. Luckin Coffee was founded in 2017 and is based in China. For more information, please visit investor.lkcoffee.com.

 

Investor and Media Contacts

 

Investor Relations:
Luckin Coffee IR
Email: ir@lkcoffee.com

 

Bill Zima
ICR
Phone: 646 880 9039

 

Media Relations:
Luckin Coffee PR
Email: pr@lkcoffee.com

 

 

 

Filing Exhibits & Attachments

1 document