Greystone Logistics, Inc. announced on April 23, 2025, the completion of the redemption of its $5 million Preferred Stock. This action eliminates a significant financial obligation and its associated annual interest payments, strengthening the company's capital structure.
In addition to the preferred stock redemption, the company has purchased 620,052 shares of common stock. These repurchases are part of a previously announced stock buyback program, demonstrating an ongoing commitment to enhancing shareholder value.
CEO Warren Kruger emphasized that these actions utilize cash on hand to strengthen the capital structure and enhance shareholder value. The company aims to reinforce its message and future opportunities through these strategic financial decisions.
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