Birchtech Announces $5.0 Million Share Repurchase Program
Birchtech Corp. (TSX: BCHT) has announced a $5.0 million share repurchase program authorized by its Board of Directors. The program will allow the company to buy back its common stock using proceeds from expected IP wins and licensing agreements.
CEO Richard MacPherson emphasized that this initiative reflects confidence in the company's strategy and long-term potential. The repurchases, scheduled to begin no earlier than the second half of 2025, can be executed through various methods including open market purchases, privately negotiated transactions, block trades, and accelerated share repurchase transactions.
The program has no expiration date or minimum share requirement and can be modified or terminated at any time. The timing and volume of repurchases will be determined by factors including market conditions, share price, regulatory requirements, and corporate liquidity needs.
Birchtech Corp. (TSX: BCHT) ha annunciato un programma di riacquisto di azioni del valore di 5,0 milioni di dollari autorizzato dal suo Consiglio di Amministrazione. Il programma consentirà all'azienda di riacquistare le proprie azioni ordinarie utilizzando i proventi previsti da successi in proprietà intellettuale e accordi di licenza.
Il CEO Richard MacPherson ha sottolineato che questa iniziativa riflette fiducia nella strategia dell'azienda e nel suo potenziale a lungo termine. I riacquisti, previsti per iniziare non prima della seconda metà del 2025, possono essere eseguiti attraverso vari metodi, tra cui acquisti sul mercato aperto, transazioni negoziate privatamente, operazioni in blocco e transazioni accelerate di riacquisto di azioni.
Il programma non ha data di scadenza né un requisito minimo di azioni e può essere modificato o terminato in qualsiasi momento. Il timing e il volume dei riacquisti saranno determinati da fattori quali le condizioni di mercato, il prezzo delle azioni, i requisiti normativi e le esigenze di liquidità aziendale.
Birchtech Corp. (TSX: BCHT) ha anunciado un programa de recompra de acciones por valor de 5,0 millones de dólares autorizado por su Junta Directiva. El programa permitirá a la empresa recomprar sus acciones ordinarias utilizando los ingresos esperados de victorias en propiedad intelectual y acuerdos de licencia.
El CEO Richard MacPherson enfatizó que esta iniciativa refleja confianza en la estrategia de la empresa y su potencial a largo plazo. Las recompras, programadas para comenzar no antes de la segunda mitad de 2025, se pueden ejecutar a través de varios métodos, incluidos compras en el mercado abierto, transacciones negociadas de forma privada, operaciones en bloque y transacciones aceleradas de recompra de acciones.
El programa no tiene fecha de vencimiento ni requisito mínimo de acciones y puede ser modificado o terminado en cualquier momento. El momento y el volumen de las recompras se determinarán por factores como las condiciones del mercado, el precio de las acciones, los requisitos regulatorios y las necesidades de liquidez corporativa.
Birchtech Corp. (TSX: BCHT)는 이사회에서 승인한 500만 달러 규모의 자사주 매입 프로그램을 발표했습니다. 이 프로그램은 회사가 예상되는 지식 재산권 승소 및 라이센스 계약에서 발생하는 수익을 사용하여 보통주를 매입할 수 있도록 합니다.
CEO 리차드 맥퍼슨은 이 이니셔티브가 회사의 전략과 장기적인 잠재력에 대한 신뢰를 반영한다고 강조했습니다. 2025년 하반기 이전에는 시작되지 않을 예정인 매입은 공개 시장 구매, 비공식 거래, 블록 거래 및 가속 자사주 매입 거래를 포함한 다양한 방법으로 실행될 수 있습니다.
이 프로그램은 만료 날짜나 최소 주식 요구 사항이 없으며 언제든지 수정하거나 종료할 수 있습니다. 매입의 시기와 규모는 시장 조건, 주가, 규제 요구 사항 및 기업 유동성 필요와 같은 요소에 따라 결정됩니다.
Birchtech Corp. (TSX: BCHT) a annoncé un programme de rachat d'actions d'une valeur de 5,0 millions de dollars autorisé par son conseil d'administration. Ce programme permettra à l'entreprise de racheter ses actions ordinaires en utilisant les recettes attendues de gains en propriété intellectuelle et d'accords de licence.
Le PDG Richard MacPherson a souligné que cette initiative reflète la confiance dans la stratégie de l'entreprise et son potentiel à long terme. Les rachats, qui devraient commencer au plus tôt au cours de la seconde moitié de 2025, peuvent être réalisés par divers moyens, y compris des achats sur le marché ouvert, des transactions négociées en privé, des transactions en bloc et des transactions de rachat accéléré.
Le programme n'a pas de date d'expiration ni d'exigence minimale d'actions et peut être modifié ou annulé à tout moment. Le moment et le volume des rachats seront déterminés par des facteurs tels que les conditions du marché, le prix des actions, les exigences réglementaires et les besoins de liquidité de l'entreprise.
Birchtech Corp. (TSX: BCHT) hat ein Aktienrückkaufprogramm im Wert von 5,0 Millionen Dollar angekündigt, das von seinem Vorstand genehmigt wurde. Das Programm ermöglicht es dem Unternehmen, eigene Stammaktien mit den erwarteten Einnahmen aus IP-Gewinnen und Lizenzvereinbarungen zurückzukaufen.
CEO Richard MacPherson betonte, dass diese Initiative Vertrauen in die Strategie des Unternehmens und dessen langfristiges Potenzial widerspiegelt. Die Rückkäufe, die frühestens in der zweiten Hälfte von 2025 beginnen sollen, können durch verschiedene Methoden durchgeführt werden, einschließlich Käufen am offenen Markt, privat ausgehandelten Transaktionen, Blockgeschäften und beschleunigten Aktienrückkäufen.
Das Programm hat kein Ablaufdatum und keine Mindestanzahl an Aktien und kann jederzeit geändert oder beendet werden. Der Zeitpunkt und das Volumen der Rückkäufe werden durch Faktoren wie Marktbedingungen, Aktienkurs, regulatorische Anforderungen und den Liquiditätsbedarf des Unternehmens bestimmt.
- Authorization of $5.0M share repurchase program signals management confidence
- Program to be funded through expected IP wins and licensing revenues
- Flexible structure allows strategic deployment of capital
- Company maintains ability to execute strategic initiatives while returning capital to shareholders
- No buybacks until second half of 2025
- Program implementation dependent on future IP wins and licensing agreements
- No guaranteed minimum share repurchase amount
Initial Program Puts in Place Mechanism Enabling Deployment of Proceeds from IP Defense to Repurchase Common Stock
CORSICANA, Texas, March 19, 2025 (GLOBE NEWSWIRE) -- Birchtech Corp. (TSX: BCHT) (OTCQB: BCHT) ("Birchtech" or the "Company"), a leader in specialty activated carbon technologies for sustainable air and water treatment, today announced its Board of Directors has authorized a share repurchase program, under which the Company may purchase up to
“This initial share repurchase authorization reflects the confidence in our strategy and the long-term potential we see in Birchtech common stock,” said Richard MacPherson, CEO of Birchtech Corp. “The program reflects the strong cash flow generation expected from IP wins and licensing agreements in the months to come, and our firm belief in our prospects for shareholder value creation over the long-term. Our significant progress allows us to now preemptively put in place a mechanism to begin returning capital to shareholders as we deem prudent, while maintaining a robust capital structure and flexibility to execute on our strategic initiatives – such as the impending launch of our water business.”
The share repurchase program authorizes the repurchase of up to
About Birchtech Corp.
Birchtech Corp. (TSX: BCHT) (OTCQB: BCHT) is a leader in specialty activated carbon technologies, delivering innovative solutions for air and water purification to support a cleaner, more sustainable future. The Company provides patented SEA® sorbent technologies for mercury emissions capture for the coal-fired utility sector and is developing disruptive water purification technologies with a specialization on forever chemicals such as PFAS and PFOS. Backed by a strong intellectual property portfolio and a world-class team of activated carbon experts, Birchtech provides cleaner air to North American communities and is applying this expertise to a novel approach in water purification. To learn more, please visit www.birchtech.com.
Safe Harbor Statement
With the exception of historical information contained in this press release, content herein may contain "forward-looking statements" that are made pursuant to the Safe Harbor Provisions of the U.S. Private Securities Litigation Reform Act of 1995 or forward-looking information under applicable Canadian securities laws (collectively, "forward-looking statements"). Forward-looking statements are generally identified by using words such as "anticipate," "believe," "plan," "expect," "intend," "will," and similar expressions, but these words are not the exclusive means of identifying forward-looking statements. Forward-looking statements in this release include statements relating to expected developments and growth in Birchtech’s business. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. Investors are cautioned that forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the statements made. In addition, this release contains time-sensitive information that reflects management’s best analysis only as of the date of this release. Birchtech does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release. Further information concerning issues that could materially affect financial performance or other forward-looking statements contained in this release can be found in Birchtech’s periodic filings with the Securities and Exchange Commission or Canadian securities regulators.
Investor Relations Contact:
Lucas A. Zimmerman
Managing Director
MZ Group - MZ North America
(949) 259-4987
BCHT@mzgroup.us
www.mzgroup.us
FAQ
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