SharpLink Gaming announces up to $1.5B share buyback program
Aug 22, 12:11 PM
SBET
- SharpLink Gaming (NASDAQ: SBET) announced a stock repurchase program with a total value of up to $1.5 billion, signaling strong confidence in its future performance.
- Following the announcement, the company's stock rose by 5.27%, reaching a price of $18.99 in pre-market trading.
- The stock buybacks will be executed using a variety of methods, such as open market purchases or privately negotiated agreements, complying with applicable securities regulations.
- The timing and execution of the repurchase program will depend on several factors, including market conditions and share price dynamics.
Recommendation Rating: Strong Buy
SharpLink Gaming, an online gaming firm trading under NASDAQ: SBET, revealed on Friday its intention to initiate a stock repurchase program valued at up to $1.5 billion.
In pre-market trading, the company's shares experienced a rise of 5.27%, bringing them to a price of $18.99.
The stock buybacks may occur intermittently, employing methods such as open market purchases, privately negotiated agreements, or any other approaches allowed by relevant securities regulations.
The execution of this repurchase program will be influenced by various factors, including market conditions, share price fluctuations, trading volume, and additional considerations.