Earth Science Tech expands share buyback to $10M, extends program through 2027

Earth Science Tech has increased its stock repurchase program authorization to $10 million and extended its duration to December 31, 2027.

Since the program began on January 29, 2024, the company has used over $1.8 million to buy back approximately 20.83 million shares.

There is currently $8.17 million remaining for future repurchases, which can be executed through open market transactions or private deals based on market conditions.

Recommendation Rating: Strong Buy

Earth Science Tech (OTCPK: ETST) announced on Wednesday that its board of directors has approved an enhancement and extension to its stock repurchase program. The total authorization for the buyback has been raised to $10 million, and the timeline for the program has been extended by an additional two years, now set to conclude on December 31, 2027.

Since the inception of the program on January 29, 2024, ETST has utilized over $1.8 million to repurchase approximately 20.83 million shares of its common stock. The remaining amount available for repurchase now stands at $8.17 million. Share buybacks may be executed through open market transactions or privately negotiated deals, depending on prevailing market conditions.

(Source: Press Release)