Riskified Authorized Repurchase Of An Additional $75M Of Ordinary Shares Subject To Completion Of Required Israeli Regulatory Procedures; Company's Total Outstanding Aggregate Repurchase Authorization Is Approximately $92M As Of May 10
Portfolio Pulse from Benzinga Newsdesk
Riskified has authorized the repurchase of an additional $75 million of its ordinary shares, pending completion of Israeli regulatory procedures. This brings the company's total outstanding aggregate repurchase authorization to approximately $92 million as of May 10.
May 15, 2024 | 11:11 am
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Riskified has authorized an additional $75 million share repurchase, pending Israeli regulatory approval, increasing the total repurchase authorization to $92 million as of May 10.
Share repurchase programs generally indicate that a company believes its stock is undervalued, which can be a positive signal to investors. The additional $75 million repurchase authorization, pending regulatory approval, suggests confidence in the company's financial health and future prospects, likely leading to a short-term positive impact on the stock price.
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