Solana Company board approves $100 million stock buyback plan
ChainCatcher news, according to GlobeNewswire, Nasdaq-listed company Solana Company (NASDAQ: HSDT) announced that its board of directors has approved a $100 million stock repurchase program to acquire the company's outstanding common shares. This repurchase program is open-ended, allowing the company to repurchase shares from time to time in both open market and negotiated transactions.
Executive Chairman Joseph Chee stated that, in order to maximize the accumulation of SOL per share, acquiring the company's own stock at certain times may be the best expected return on capital.
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