Novo Integrated Sciences Approves Increase Of Maximum Amount Under Stock Repurchase Program From $5M To $10M
Portfolio Pulse from Benzinga Newsdesk
Novo Integrated Sciences, Inc. (NASDAQ:NVOS) has approved an increase in its stock repurchase program from $5 million to $10 million. This decision is based on potential excess funds from a pending program to monetize a Standby Letter of Credit for the Ophir Collection acquisition.
June 06, 2024 | 7:31 pm
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Novo Integrated Sciences has increased its stock repurchase program from $5 million to $10 million, potentially boosting investor confidence and stock price.
Increasing the stock repurchase program indicates the company's confidence in its financial health and future prospects. This move is likely to be viewed positively by investors, potentially leading to a short-term increase in the stock price.
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