DocGo Inc. announced the extension of its share repurchase program through December 31, 2025. This extension allows the company to continue repurchasing its common stock, demonstrating management's belief in the company's long-term value.
The company had previously utilized a portion of its repurchase program, with $5.75 million in share repurchases completed during the first quarter of 2025. Approximately $16.3 million remained under the repurchase program as of March 31, 2025.
This financial move provides flexibility for capital allocation and can be a mechanism to enhance shareholder value. The company aims to utilize its strong balance sheet to take advantage of market opportunities, including potential share repurchases.
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