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0 0 0.0102564102564104 1.13869028166683E-16 0.00512820512820525 0.0153846153846155 -0.0115384615384615 -0.0358974358974358
Stock impact report

SurgePays Announces Commencement of Share Repurchase Program [Yahoo! Finance]

SurgePays, Inc. (SURG) 
Company Research Source: Yahoo! Finance
on the underbanked and underserved communities, announces today that it is commencing its previously authorized stock repurchase program of up to $5 million in SurgePays' common stock. Chairman and CEO Brian Cox commented, "We recognize that the delay in ACP funding has adversely impacted our business and stock price. Therefore, we believe it's an opportunistic time to commence a corporate stock buyback so our long-term investors know our interests are aligned. I believe that the program will deliver value for our shareholders, while also maintaining our strong balance sheet and allowing us to execute our business plan to provide products and services to the underbanked and underserved, utilizing convenience stores as points of distribution into these communities." Repurchases may be made from time to time in the open market at management's discretion until the expiration of the program. The program will end upon the earlier of 6 months after the commencement of the program or the Show less Read more
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