Thumzup Media Corporation announced it recently repurchased $126,507 of its common stock from the open market. This is part of its previously authorized share repurchase program, which allows for up to $1 million in buybacks.
This share repurchase reflects Thumzup's ongoing commitment to enhancing shareholder value and strategically allocating capital. The program is being conducted in compliance with Rule 10b-18 of the Exchange Act.
CEO Robert Steele stated that buying shares back from the market demonstrates confidence in Thumzup's growth strategy and disruptive business. The company continues to experience momentum, having recently surpassed 700 advertisers on its platform.
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