- Southeast Asia's fintech and e-commerce company Society Pass ( NASDAQ: SOPA ) said its board has approved an up to $2M stock repurchase program.
- The share repurchase program commenced on Feb. 1.
- As of Dec. 31, the company had ~$19M of cash and zero long-term debt.
- SOPA has engaged ThinkEquity to purchase the shares from time to time in the open market at prevailing market prices, in privately negotiated transactions or other means in compliance with applicable federal securities laws.
- Source: Press Release
For further details see:
Society Pass implements up to $2M stock repurchase program