Cheer Holding announced that the board of directors approved a share buyback plan, authorizing the company to repurchase 50 million US dollars of Class A common stock within 36 months, and the company has sufficient cash to fund the buyback.
Zhitong Finance learned that on December 3, the technology-driven new generation penghua csi mobile internet index fund(lof)-a infrastructure and platform service provider Cheer Holding Limited (CHR.US) announced that the board of directors approved a share buyback plan, authorizing the company to repurchase 50 million US dollars of Class A common stock within 36 months, and the company has sufficient cash to fund the buyback.
The company will, based on market conditions and in accordance with applicable rules and regulations, repurchase shares on the open market at current market prices, through privately negotiated trades, block trades, or by other legally permitted means. The timing, amount, and method of the repurchase will be determined based on market conditions, stock prices, legal requirements, and other factors. The board of directors will review the plan regularly and reserves the right to suspend, adjust, halt, or terminate the plan at any time it deems appropriate.