Better Choice Company Provides Shareholder Update Regarding its Authorized Stock Repurchase Program
Better Choice Company (NYSE: BTTR) has repurchased 102,405 shares at an average price of $1.9869 per share under its authorized $5 million stock repurchase program, which runs until December 31, 2024. Chairman Michael Young emphasized that the company's shares are trading significantly below Net Tangible Book Value, expressing confidence in the business's strength and growth prospects.
The repurchases can be made through open market or private transactions, following SEC Rule 10b-18 requirements. The timing and volume of repurchases will depend on stock availability, market conditions, trading price, capital alternatives, and company performance. The program, funded by cash on hand, may be modified, suspended, or discontinued at any time.
Better Choice Company (NYSE: BTTR) ha riacquistato 102.405 azioni a un prezzo medio di $1,9869 per azione nell'ambito del suo programma di riacquisto azionario autorizzato di $5 milioni, che scade il 31 dicembre 2024. Il presidente Michael Young ha sottolineato che le azioni dell'azienda stanno venendo scambiate a un prezzo significativamente inferiore rispetto al valore contabile tangibile netto, esprimendo fiducia nella solidità e nelle prospettive di crescita dell'azienda.
I riacquisti possono essere effettuati tramite transazioni nel mercato aperto o transazioni private, seguendo i requisiti della Regola 10b-18 della SEC. Il tempismo e il volume dei riacquisti dipenderanno dalla disponibilità delle azioni, dalle condizioni di mercato, dal prezzo di negoziazione, dalle alternative di capitale e dalle prestazioni dell'azienda. Il programma, finanziato con liquidità disponibile, può essere modificato, sospeso o interrotto in qualsiasi momento.
Better Choice Company (NYSE: BTTR) ha recomprado 102,405 acciones a un precio promedio de $1.9869 por acción bajo su programa autorizado de recompra de acciones de $5 millones, que se extiende hasta el 31 de diciembre de 2024. El presidente Michael Young enfatizó que las acciones de la empresa están cotizando significativamente por debajo del Valor Contable Tangible Neto, expresando confianza en la fortaleza del negocio y las perspectivas de crecimiento.
Las recompras se pueden realizar a través del mercado abierto o transacciones privadas, cumpliendo con los requisitos de la Regla 10b-18 de la SEC. El momento y el volumen de las recompras dependerán de la disponibilidad de acciones, las condiciones del mercado, el precio de negociación, las alternativas de capital y el desempeño de la empresa. El programa, financiado con efectivo disponible, puede ser modificado, suspendido o cancelado en cualquier momento.
베터 초이스 컴퍼니 (NYSE: BTTR)는 승인된 500만 달러 규모의 자사주 매입 프로그램에 따라 주당 평균 1.9869달러에 102,405주를 재매입했습니다. 이 프로그램은 2024년 12월 31일까지 유효합니다. 회장 마이클 영은 회사의 주식이 순 실질 장부가치보다 상당히 낮은 가격에 거래되고 있다며, 사업의 강점과 성장 가능성에 대한 자신감을 표명했습니다.
재매입은 공개 시장 또는 개인 거래를 통해 이루어질 수 있으며, SEC의 10b-18 규정을 준수해야 합니다. 재매입의 시기와 물량은 주식의 가용성, 시장 조건, 거래 가격, 자본 대안 및 회사의 성과에 따라 달라집니다. 현금으로 자금을 지원하는 이 프로그램은 어떤 때라도 수정, 중단 또는 종료될 수 있습니다.
Better Choice Company (NYSE: BTTR) a racheté 102 405 actions à un prix moyen de 1,9869 $ par action dans le cadre de son programme de rachat d'actions autorisé de 5 millions $, qui se poursuivra jusqu'au 31 décembre 2024. Le président Michael Young a souligné que les actions de l'entreprise se négocient bien en dessous de la valeur comptable tangible nette, exprimant ainsi sa confiance dans la solidité de l'entreprise et ses perspectives de croissance.
Les rachats peuvent être effectués par le biais de transactions sur le marché libre ou de transactions privées, conformément aux exigences de la règle 10b-18 de la SEC. Le moment et le volume des rachats dépendront de la disponibilité des actions, des conditions du marché, du prix de négociation, des alternatives de capital et de la performance de l'entreprise. Le programme, financé par des liquidités disponibles, peut être modifié, suspendu ou interrompu à tout moment.
Better Choice Company (NYSE: BTTR) hat 102.405 Aktien zu einem Durchschnittspreis von 1,9869 $ pro Aktie im Rahmen seines genehmigten Aktienrückkaufprogramms über 5 Millionen $ zurückgekauft, das bis zum 31. Dezember 2024 läuft. Vorsitzender Michael Young betonte, dass die Aktien des Unternehmens deutlich unter dem Netto-Materialwert gehandelt werden, und drückte sein Vertrauen in die Stärke und Wachstumsprognosen des Unternehmens aus.
Die Rückkäufe können über den freien Markt oder private Transaktionen erfolgen, wobei die Anforderungen der SEC-Regel 10b-18 beachtet werden müssen. Der Zeitpunkt und das Volumen der Rückkäufe hängen von der Verfügbarkeit der Aktien, den Marktbedingungen, dem Handelspreis, den Kapitalalternativen und der Unternehmensleistung ab. Das durch verfügbare Mittel finanzierte Programm kann jederzeit geändert, ausgesetzt oder eingestellt werden.
- Company actively executing share buyback program, demonstrating confidence in business value
- Shares trading below Net Tangible Book Value, indicating potential undervaluation
- Company has sufficient cash on hand to fund the buyback program
- buyback execution so far ($203,464 out of $5 million authorized)
- Program expires December 31, 2024, creating time pressure for completion
Insights
The share repurchase execution indicates a strategic capital allocation decision, with
As of December 16, 2024, the Company has repurchased a total of 102,405 shares at an average price of
TAMPA, Fla., Dec. 17, 2024 (GLOBE NEWSWIRE) -- Better Choice Company, Inc. (NYSE American: BTTR) (“Better Choice” or the “Company”), a pet health and wellness company, today announced repurchasing 102,405 shares at an average price of
Michael Young, Chairman of Better Choice, commented, “We continue to see value in our equity as the Company’s shares are currently trading significantly below Net Tangible Book Value. Beyond valuation, we are confident in the strength of our business and growth prospects. We will continue to be opportunistic with our share repurchases.”
Shares may be repurchased in open market or private transactions or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission (“SEC”). The timing and amount of any repurchases will depend on a number of factors, including the availability of stock, general market conditions, the trading price of the stock, alternative uses for capital, and the Company’s financial performance. Open market purchases will be made in accordance with Rule 10b-18 of the SEC and other applicable legal requirements. The Company is not obligated to repurchase any particular number of shares or any shares in any specific time period and the program may be modified, suspended, or discontinued at any time. Payment for shares repurchased under the program will be funded using the Company's cash on hand.
About Better Choice Company Inc.
Better Choice Company Inc. is a rapidly growing pet health and wellness company committed to leading the industry shift toward pet products and services that help dogs and cats live healthier, happier, and longer lives. We take an alternative, nutrition-based approach to pet health relative to conventional dog and cat food offerings and position our portfolio of brands to benefit from the mainstream trends of growing pet humanization and consumer focus on health and wellness. We have a demonstrated, multi-decade track record of success selling trusted pet health and wellness products and leverage our established digital footprint to provide pet parents with the knowledge to make informed decisions about their pet’s health. We sell the majority of our dog food, cat food and treats under the Halo brand, which is focused, respectively, on providing sustainably sourced kibble and canned food derived from real whole meat, and minimally processed raw-diet dog food and treats. For more information, please visit https://www.betterchoicecompany.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “will,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. The Company has based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Some or all of the results anticipated by these forward-looking statements may not be achieved. Further information on the Company’s risk factors is contained in our filings with the SEC. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
Company Contact:
Better Choice Company, Inc.
Kent Cunningham, CEO
Investor Contact:
KCSA Strategic Communications
Valter Pinto, Managing Director
T: 212-896-1254
Valter@KCSA.com
FAQ
How many shares has BTTR repurchased under its current buyback program?
What is the total value of BTTR's authorized stock repurchase program?
When does BTTR's current stock repurchase program expire?
How is Better Choice Company funding its share repurchase program?
What is the current trading price of BTTR shares relative to its book value?
