Palo Alto, CA – On October 17, 2025, Cloudastructure Inc. (NASDAQ: CSAI) announced that its Board of Directors authorized a share repurchase program that may buy up to $5 million of the company’s outstanding common stock in the open market, in compliance with all applicable securities laws and regulations, including Rule 10b‑18 of the Securities Exchange Act of 1934.
The company stated that the decision to repurchase shares, and the timing of any purchases, will depend on a variety of factors, including ongoing assessments of capital needs, market conditions, the price of the company’s common stock, and other corporate considerations. The program may be suspended or discontinued at any time, and the Board’s approval reflects confidence in Cloudastructure’s long‑term outlook and a commitment to creating sustained value for shareholders.
CEO James McCormick said the repurchase program is backed by a strong balance sheet and record‑breaking sales performance—having more than tripled its full‑year 2024 signed‑contract total in the first nine months of 2025—and that the company remains focused on advancing product innovation, expanding its customer base, and driving operational efficiency. The announcement signals management’s belief that the company is well positioned to meet increasing demand for its AI‑powered security solutions and to use excess capital to support shareholder value.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.