GPRO - GoPro announces $40M in additional share repurchases
- GoPro ( NASDAQ: GPRO ) board has authorized the company to repurchase an additional $40M of its Class A common stock.
- In 2022, the board authorized the repurchase of up to $100M of Class A common stock, of which $40M was repurchased in 2022.
- The cumulative remaining authorized amount for repurchase of Class A common stock as of February 9, 2023, is $100M, of which $5M has now been repurchased in 2023.
- The program has no time limitations and may be modified, suspended, or discontinued at any time. Any repurchases will be funded through cash generated from operations.
- Shares are up around 1.58% premarket
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GoPro announces $40M in additional share repurchases