Riskified Authorizes The Repurchase Of Up To $75M Of Company's Ordinary Shares, Subject To Approval By Tel Aviv District Court Economic Department
Portfolio Pulse from Benzinga Newsdesk
Riskified Ltd. (NYSE:RSKD) has authorized the repurchase of up to $75M of the company's ordinary shares, subject to approval by the Tel Aviv District Court Economic Department. The repurchases are expected to be used to manage share dilution and to take advantage of attractive repurchase opportunities.
August 15, 2023 | 10:57 am
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Riskified's decision to repurchase up to $75M of its shares could potentially increase the stock's value by reducing the number of shares in circulation, thus managing share dilution.
Share repurchases often lead to a rise in the stock's price as they reduce the number of shares in circulation, increasing earnings per share and making the stock more attractive to investors. However, the final impact will depend on market conditions and investor sentiment.
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