Powerlaw Board Authorizes 12-Month Stock Buyback Program For Up To 4,324,293 Shares, Representing 10% Of Shares Outstanding
Purchases may only be made during periods when the Company’s shares are trading at a 5% or greater discount to the Company’s most recent publicly reported net asset value (NAV). Unless amended or extended by the
Powerlaw's leaders said they can buy back up to 10% of their own shares if the price drops enough. This shows they think their stock might be underpriced, which could be a sign they believe in the company's future.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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