SUI Group: The board has authorized the launch of a new $50 million stock buyback program
Foresight News reported that Nasdaq-listed SUI treasury company SUI Group announced that it has completed its previously authorized $2 million stock repurchase program. At the same time, the board of directors has also authorized a new stock repurchase program, under which the company may repurchase up to an additional $50 million of its common stock, which can be conducted through open market repurchases, negotiated transactions, or a combination of other methods. According to previous filings disclosed by the U.S. Securities and Exchange Commission, SUI Group increased its holdings by 20 million SUI last week, bringing its total holdings to 101,795,656 SUI.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CoinShares predicts the growth of tokenized real-world assets will continue until 2026
XMAQUINA to conduct $DEUS TGE through proposal, with 110 million DEUS allocated for the final round of presale
Sui Network: Native wBTC is now cross-chain interoperable on Sui
The US spot Solana ETF saw a net inflow of $19.2 million over the past week.
