GMGI - Golden Matrix announces authorization of stock repurchase program
2023-03-31 08:14:09 ET
- Golden Matrix Group ( NASDAQ: GMGI ) has announced that its Board of Directors has authorized the repurchase of up to a maximum of $2M of shares of the Co.’s common stock.
- Subject to any future extension in the discretion of the Board, the repurchase program is scheduled to expire on Sept. 29, 2023, when a maximum of $2M of the Co.’s stock has been repurchased.
- The repurchase program will be funded using the Co.’s working capital.
- As of Jan. 31, 2023, the Co. had 36.1M shares of common stock issued and outstanding and $15.4M in cash and equivalents.
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Golden Matrix announces authorization of stock repurchase program