Safe Pro Group (NASDAQ: SPAI) authorizes $3.0M share repurchase plan
Rhea-AI Filing Summary
Safe Pro Group Inc. reported that its Board of Directors has approved a stock buyback program allowing the company to repurchase up to
The program is effective immediately and runs through
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Insights
Safe Pro authorizes a discretionary
The Board of Safe Pro Group Inc. has authorized a stock buyback program for up to
The authorization is effective immediately and extends to
FAQ
What did Safe Pro Group Inc. (SPAI) announce in this 8-K filing?
Safe Pro Group Inc. disclosed that its Board of Directors approved a stock buyback program authorizing the company to repurchase up to
How large is Safe Pro Group Inc.'s new stock buyback program?
The program allows Safe Pro Group Inc. to repurchase up to
What is the time frame for the Safe Pro Group Inc. (SPAI) share repurchase program?
The stock buyback program is effective immediately and has an expiration date of
Is Safe Pro Group Inc. required to repurchase shares under this buyback program?
No. The filing states that the stock buyback program does not obligate the company to purchase any shares, and repurchases are at the company’s discretion.
How may Safe Pro Group Inc. execute repurchases under the buyback program?
Repurchases may be made in the open market, by block purchase, through accelerated share repurchase plans, in privately negotiated transactions, or otherwise, in accordance with applicable SEC regulations.
Can Safe Pro Group Inc. change or end the buyback program early?
Yes. The Board of Directors may terminate or amend the stock buyback program at any time prior to its