USIO - Usio board approves $4M in share repurchase program

Usio (NASDAQ:USIO) board authorized the repurchase of up to $4M of its stock, effective May 16; the program will be available until all funds are exhausted or May 15, 2025 unless terminated earlier. "We intend to utilize our existing cash and our ability to generate adjusted operating cash flow to fund the repurchase program," President and CEO Louis Hoch commented. As of Mar. 31, 2022, the company had unrestricted cash of ~$7.6M and had ~25.3M shares outstanding,  Shares rose 7% in premarket trade.

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Usio board approves $4M in share repurchase program