ECARX Announces US$20,000,000 Share Repurchase Program
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ECARX Holdings, Inc. (Nasdaq: ECX) has announced a share repurchase program of up to US$20 million, effective until September 30, 2025. This move is in line with the Securities Exchange Act of 1934 and the company's insider trading policy.
December 20, 2024 | 12:15 pm
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ECARX Holdings has authorized a share repurchase program of up to $20 million, which could positively impact the stock price by reducing the number of shares outstanding and signaling confidence in the company's future.
Share repurchase programs often lead to a positive impact on stock prices as they reduce the number of shares outstanding, potentially increasing earnings per share. It also signals management's confidence in the company's future prospects.
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