Vuzix approves $25M in share buyback program
Mar. 02, 2022 1:28 PM ETVuzix Corporation (VUZI)By: SA News Team5 Comments
- Vuzix (VUZI +1.5%) board approved a $25M share buyback program which expires on Mar.2, 2023.
- Based on the closing price of Vuzix's common stock on Mar.1, 2022, the share buyback program would enable the company to repurchase ~4M shares, or about 6% of its outstanding shares should the program be completed as currently contemplated.
- The current buyback program forms 6.9% of its total current market cap; YTD, the stock lost 36.9%.