Abacus Global Management, Inc. announced on June 5, 2025, that its Board of Directors has authorized a new $20 million share repurchase program. This program is effective immediately and will span a period of up to 18 months. The company also noted over $2 million in recent share purchases by employees.
CEO Jay Jackson stated that the company believes its share price is artificially depressed following a short attack, and the repurchase program reflects the Board's confidence in the business model and balance sheet strength. The company's returns and valuation are audited and consistent with a 20-year track record of generating positive revenue.
The share repurchase program may involve open market transactions, block trades, or privately negotiated transactions, and will be funded by cash on hand and expected free cash flow. This action is intended to enhance shareholder value and demonstrate management's commitment to the company's long-term success.
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