a.k.a. Brands Holding Corp.'s Board of Directors has authorized the repurchase of up to $2 million worth of shares of its common stock
Buybacks
June 6, 2023
a.k.a. Brands Holding Corp. (NYSE: AKA), a brand accelerator specializing in next-generation fashion brands, has made an announcement today. The company's Board of Directors has given the green light to a share repurchase program, signaling its confidence in the company's future growth and commitment to enhancing shareholder value. With this program, a.k.a. Brands Holding Corp. is authorized to repurchase up to $2 million worth of shares of its common stock.
Under the Share Repurchase Program, a.k.a. Brands Holding Corp. is empowered to buy back its own shares as a strategic allocation of capital. The decision to execute repurchases will depend on several factors, including available liquidity, prevailing market and economic conditions, and alternative uses for capital. The company may choose to initiate share repurchases through open market transactions, block trades, or private transactions, all in compliance with applicable securities laws and regulations.
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