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Stock impact report

Sono-Tek Announces Share Buyback

Sono-Tek Corporation (SOTK) 
NASDAQ:AMEX Investor Relations: sono-tek.com/investor-relations
Company Research Source: GlobeNewswire
MILTON, N.Y., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Sono-Tek Corporation (Nasdaq: SOTK), the leading developer and manufacturer of ultrasonic coating systems, today announced that its Board of Directors has authorized the repurchase of up to $2.0 million of Sono-Tek’s outstanding common stock (the “Repurchase Program”). Dr. Christopher L Coccio, Executive Chairman, stated, “We are pleased to announce the Repurchase Program and believe that it demonstrates our financial strength and confidence in our long-term growth strategy. With our solid balance sheet and record backlog, we believe this program represents an attractive opportunity to further enhance shareholder value while maintaining the flexibility to invest in our strategic initiatives.” Under the Repurchase Program, Sono-Tek may repurchase for cash from time-to-time shares of its common stock through open market purchases or by other means pursuant to a Rule 10b-18 plan, in compliance with applicable securities laws and oth Show less Read more
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