VerifyMe, Inc. announced that its board of directors has approved an extension of its 2024 Share Repurchase Authorization to December 31, 2025. The company is authorized to repurchase up to $500,000 of its common stock.
Repurchases may be conducted on the open market, through block trades, and in privately negotiated transactions. The funding for these repurchases will come from cash generated from operations.
This extension allows VerifyMe to maintain flexibility in its capital allocation strategy, ensuring sufficient liquidity for strategic growth initiatives while also providing a mechanism to return value to shareholders.
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