Better Choice Company Reinstates Stock Repurchase Program and Increases Authorization to $6.5 Million
Better Choice Company (NYSE: BTTR) has announced the reinstatement and expansion of its stock repurchase program, increasing the authorization to $6.5 million of outstanding common shares through December 31, 2025.
Under the previous $5 million program that expired December 31, 2024, the company repurchased 102,405 common shares at an average price of $1.9869 per share. The new repurchase program allows for shares to be bought through open market or private transactions, subject to Rule 10b-18 SEC requirements.
The timing and volume of repurchases will be determined by factors including stock availability, market conditions, trading price, and the company's financial performance. The program will be funded using cash on hand and can be modified, suspended, or discontinued at any time.
Better Choice Company (NYSE: BTTR) ha annunciato la reintegrazione e l'espansione del suo programma di riacquisto di azioni, aumentando l'autorizzazione a 6,5 milioni di dollari per azioni ordinarie in circolazione fino al 31 dicembre 2025.
Nel precedente programma da 5 milioni di dollari, scaduto il 31 dicembre 2024, la società ha riacquistato 102.405 azioni ordinarie a un prezzo medio di 1,9869 dollari per azione. Il nuovo programma di riacquisto consente l'acquisto di azioni tramite mercato aperto o transazioni private, nel rispetto delle disposizioni della Regola 10b-18 della SEC.
Il momento e il volume dei riacquisti saranno determinati da fattori quali la disponibilità delle azioni, le condizioni di mercato, il prezzo di negoziazione e la performance finanziaria dell'azienda. Il programma sarà finanziato con liquidità disponibile e potrà essere modificato, sospeso o interrotto in qualsiasi momento.
Better Choice Company (NYSE: BTTR) ha anunciado la reinstauración y ampliación de su programa de recompra de acciones, aumentando la autorización a 6,5 millones de dólares en acciones comunes en circulación hasta el 31 de diciembre de 2025.
Bajo el programa anterior de 5 millones de dólares, que expiró el 31 de diciembre de 2024, la compañía recompró 102,405 acciones comunes a un precio promedio de 1,9869 dólares por acción. El nuevo programa de recompra permite la compra de acciones a través del mercado abierto o transacciones privadas, sujeto a los requisitos de la Regla 10b-18 de la SEC.
El momento y volumen de las recompras se determinarán según factores como la disponibilidad de acciones, las condiciones del mercado, el precio de negociación y el desempeño financiero de la empresa. El programa se financiará con efectivo disponible y podrá ser modificado, suspendido o cancelado en cualquier momento.
Better Choice Company (NYSE: BTTR)는 주식 재매입 프로그램을 재개하고 확대하여 2025년 12월 31일까지 650만 달러 상당의 보통주를 재매입할 수 있도록 승인 한도를 늘렸다고 발표했습니다.
이전 500만 달러 프로그램은 2024년 12월 31일에 만료되었으며, 회사는 주당 평균 1.9869달러에 102,405주의 보통주를 재매입했습니다. 새로운 재매입 프로그램은 SEC의 10b-18 규칙 요건에 따라 공개 시장 또는 사적 거래를 통해 주식을 매입할 수 있도록 허용합니다.
재매입 시기와 규모는 주식 가용성, 시장 상황, 거래 가격, 회사의 재무 성과 등 여러 요인에 따라 결정됩니다. 이 프로그램은 보유 현금으로 자금을 조달하며 언제든지 수정, 중단 또는 종료할 수 있습니다.
Better Choice Company (NYSE : BTTR) a annoncé la réintroduction et l'extension de son programme de rachat d'actions, augmentant l'autorisation à 6,5 millions de dollars d'actions ordinaires en circulation jusqu'au 31 décembre 2025.
Dans le cadre du précédent programme de 5 millions de dollars, expiré le 31 décembre 2024, la société a racheté 102 405 actions ordinaires à un prix moyen de 1,9869 dollar par action. Le nouveau programme de rachat permet d'acheter des actions sur le marché ouvert ou par transactions privées, sous réserve des exigences de la règle 10b-18 de la SEC.
Le moment et le volume des rachats seront déterminés par des facteurs tels que la disponibilité des actions, les conditions du marché, le prix de négociation et la performance financière de l'entreprise. Le programme sera financé avec les liquidités disponibles et pourra être modifié, suspendu ou arrêté à tout moment.
Better Choice Company (NYSE: BTTR) hat die Wiederaufnahme und Erweiterung seines Aktienrückkaufprogramms bekannt gegeben und die Genehmigung auf 6,5 Millionen US-Dollar für ausstehende Stammaktien bis zum 31. Dezember 2025 erhöht.
Im vorherigen Programm über 5 Millionen US-Dollar, das am 31. Dezember 2024 auslief, hat das Unternehmen 102.405 Stammaktien zu einem Durchschnittspreis von 1,9869 US-Dollar pro Aktie zurückgekauft. Das neue Rückkaufprogramm erlaubt den Erwerb von Aktien über den offenen Markt oder private Transaktionen, vorbehaltlich der Anforderungen der SEC-Regel 10b-18.
Der Zeitpunkt und das Volumen der Rückkäufe werden durch Faktoren wie Aktienverfügbarkeit, Marktbedingungen, Handelspreis und die finanzielle Leistung des Unternehmens bestimmt. Das Programm wird mit vorhandenen liquiden Mitteln finanziert und kann jederzeit geändert, ausgesetzt oder eingestellt werden.
- Increased buyback authorization to $6.5 million from previous $5 million program
- Management believes stock is undervalued, showing confidence in company's value
- Previous successful execution of buyback program with 102,405 shares repurchased
- Program may reduce company's cash reserves
- No guarantee of complete program execution as purchases depend on market conditions
Insights
Better Choice's $6.5M buyback authorization signals management confidence but represents significant capital allocation for this small pet health company.
Better Choice's increased share repurchase authorization to
What's particularly notable is the size of this authorization relative to the company's scale. With a current stock price of
Chairman Michael Young's explicit statement that management believes their equity to be "undervalued" provides a clear signal of insider confidence. However, investors should distinguish between authorization and actual execution - the program includes standard flexibility language allowing the company to time purchases strategically or potentially not use the full authorization.
The repurchase program's structure through December 2025 gives management considerable runway to implement purchases opportunistically. While buybacks can support share price and potentially increase EPS through share count reduction, they also represent capital not being deployed for growth initiatives, product development, or market expansion – critical considerations for companies in the competitive pet health sector.
For Better Choice shareholders, this program represents a tangible commitment from management to support share value, but the true impact will depend on execution timing and the opportunity cost of the capital being directed to share repurchases rather than operational investments.
TAMPA, Fla., April 17, 2025 (GLOBE NEWSWIRE) -- Better Choice Company, Inc. (NYSE American: BTTR) (“Better Choice” or the “Company”), a pet health and wellness company, today announced that its Board of Directors has reinstated its stock repurchase program and increased authorization up to
Michael Young, Chairman of Better Choice, commented, “After repurchasing 102,405 common shares under our previous repurchase program in 2024, it is in the best interest of our shareholders to reinstate this program and increase the authorized amount up to
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 our dog food, cat food and treats under the Halo brand, which is focused on providing sustainably sourced kibble and canned food derived from real whole meat, and minimally processed raw-diet 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 much is Better Choice Company's (BTTR) new stock buyback program worth?
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When does Better Choice Company's (BTTR) new stock repurchase program expire?
How will BTTR fund its $6.5 million share repurchase program?
