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home / news releases / USEA - United Maritime stock gains as it initiates additional $3M stock buyback plan

USEA - United Maritime stock gains as it initiates additional $3M stock buyback plan

United Maritime Corporation
  • United Maritime ( NASDAQ: USEA ) shares gained 12% premarket on Thursday after the shipping company initiated an additional $3M stock buyback plan.
  • The board authorized an additional share repurchase plan, enabling the firm to buyback up to an additional $3M of its outstanding common shares in the open market. The plan represents up to an additional 26% of United’s ( USEA ) market capitalization as of Sep 21, 2022.
  • The new plan follows the completion of $3M stock buyback, wherein the company bought ~1.86M shares at an average price of $1.6095.

For further details see:

United Maritime stock gains as it initiates additional $3M stock buyback plan
Stock Information
Company Name: United Maritime Corporation
Stock Symbol: USEA
Market: NASDAQ
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