PCS Edventures! Announces 10 Million Share Repurchase Authorization
PCS Edventures! (PCSV), a K-12 STEM education programs provider, has announced a significant share repurchase program authorized by its Board of Directors. The program allows for the repurchase of up to 10 million shares of common stock over the next three years, representing approximately 8.18% of outstanding shares as of December 31, 2024.
The company will execute the buyback through various methods, including open market purchases and private transactions, in compliance with securities laws and regulations. The program's implementation will be discretionary, considering factors such as business performance, market conditions, stock prices, and regulatory requirements.
CEO Todd Hackett emphasized that the decision is based on the belief that PCS stock currently trades at an attractive price, focusing on delivering optimal long-term shareholder value through strategic capital deployment.
PCS Edventures! (PCSV), fornitore di programmi di educazione STEM per le scuole K-12, ha annunciato un significativo programma di riacquisto di azioni autorizzato dal suo Consiglio di Amministrazione. Il programma consente il riacquisto di fino a 10 milioni di azioni ordinarie nei prossimi tre anni, rappresentando circa l'8,18% delle azioni in circolazione al 31 dicembre 2024.
L'azienda eseguirà il riacquisto attraverso vari metodi, inclusi acquisti sul mercato aperto e transazioni private, in conformità con le leggi e i regolamenti sui titoli. L'attuazione del programma sarà discrezionale, tenendo conto di fattori come le performance aziendali, le condizioni di mercato, i prezzi delle azioni e i requisiti normativi.
Il CEO Todd Hackett ha sottolineato che la decisione si basa sulla convinzione che le azioni di PCS attualmente siano scambiate a un prezzo interessante, concentrandosi sulla creazione di un valore ottimale per gli azionisti a lungo termine attraverso un impiego strategico del capitale.
PCS Edventures! (PCSV), proveedor de programas de educación STEM para K-12, ha anunciado un programa significativo de recompra de acciones autorizado por su Junta Directiva. El programa permite la recompra de hasta 10 millones de acciones ordinarias durante los próximos tres años, representando aproximadamente el 8,18% de las acciones en circulación al 31 de diciembre de 2024.
La empresa llevará a cabo la recompra a través de varios métodos, incluidos compras en el mercado abierto y transacciones privadas, en cumplimiento con las leyes y regulaciones de valores. La implementación del programa será discrecional, considerando factores como el rendimiento empresarial, las condiciones del mercado, los precios de las acciones y los requisitos regulatorios.
El CEO Todd Hackett enfatizó que la decisión se basa en la creencia de que las acciones de PCS actualmente se comercian a un precio atractivo, centrándose en ofrecer un valor óptimo a largo plazo para los accionistas a través de un despliegue estratégico de capital.
PCS Edventures! (PCSV)는 K-12 STEM 교육 프로그램 제공업체로, 이사회에서 승인한 중요한 자사주 매입 프로그램을 발표했습니다. 이 프로그램은 향후 3년 동안 1000만 주의 보통주를 매입할 수 있도록 하며, 2024년 12월 31일 기준으로 약 8.18%의 유통 주식을 차지합니다.
회사는 공개 시장 구매 및 개인 거래를 포함한 다양한 방법으로 매입을 실행하며, 증권법 및 규정을 준수합니다. 프로그램의 시행은 비즈니스 성과, 시장 조건, 주가 및 규제 요건과 같은 요소를 고려하여 재량적으로 이루어질 것입니다.
CEO인 Todd Hackett는 PCS 주식이 현재 매력적인 가격에 거래되고 있다는 믿음에 기반하여 이 결정을 내렸으며, 전략적 자본 배치를 통해 장기적으로 주주 가치를 극대화하는 데 중점을 두고 있다고 강조했습니다.
PCS Edventures! (PCSV), fournisseur de programmes d'éducation STEM pour les écoles K-12, a annoncé un programme significatif de rachat d'actions autorisé par son conseil d'administration. Ce programme permet le rachat de jusqu'à 10 millions d'actions ordinaires au cours des trois prochaines années, représentant environ 8,18% des actions en circulation au 31 décembre 2024.
L'entreprise effectuera le rachat par divers moyens, y compris des achats sur le marché ouvert et des transactions privées, en conformité avec les lois et règlements sur les valeurs mobilières. La mise en œuvre du programme sera discrétionnaire, tenant compte de facteurs tels que la performance de l'entreprise, les conditions du marché, les prix des actions et les exigences réglementaires.
Le PDG Todd Hackett a souligné que la décision repose sur la conviction que les actions de PCS se négocient actuellement à un prix attractif, en se concentrant sur la création d'une valeur optimale à long terme pour les actionnaires grâce à un déploiement stratégique du capital.
PCS Edventures! (PCSV), Anbieter von K-12 STEM-Bildungsprogrammen, hat ein bedeutendes Aktienrückkaufprogramm angekündigt, das von seinem Vorstand genehmigt wurde. Das Programm erlaubt den Rückkauf von bis zu 10 Millionen Aktien innerhalb der nächsten drei Jahre, was etwa 8,18% der ausstehenden Aktien zum 31. Dezember 2024 entspricht.
Das Unternehmen wird den Rückkauf durch verschiedene Methoden durchführen, einschließlich Käufe am offenen Markt und private Transaktionen, unter Einhaltung der Wertpapiergesetze und -vorschriften. Die Umsetzung des Programms wird nach eigenem Ermessen erfolgen, wobei Faktoren wie Unternehmensleistung, Marktbedingungen, Aktienkurse und regulatorische Anforderungen berücksichtigt werden.
CEO Todd Hackett betonte, dass die Entscheidung auf der Überzeugung basiert, dass die Aktien von PCS derzeit zu einem attraktiven Preis gehandelt werden, und dass der Fokus darauf liegt, langfristigen Shareholder-Wert durch strategische Kapitalallokation zu schaffen.
- Authorization to repurchase 8.18% of outstanding shares indicates strong confidence in company value
- Flexible three-year timeline allows strategic timing of purchases
- Program demonstrates commitment to returning value to shareholders
- Capital allocated to buyback may limit funds available for business growth
- No guaranteed minimum purchase amount specified
- Program can be suspended or discontinued at company's discretion
BOISE, Idaho, April 10, 2025 (GLOBE NEWSWIRE) -- PCS Edventures!, Inc. (“PCSV”), a leading provider of K-12 Science, Technology, Engineering and Mathematics (“STEM”) education programs, today announced that its Board of Directors has authorized a share repurchase program to repurchase up to 10 million shares of its common stock over the next three years. This represents approximately
Under the new authorization, the Company may repurchase shares from time to time through a variety of methods, including open market purchases and privately negotiated transactions. All repurchases will be conducted in accordance with applicable securities laws, including Rule 10b5-1 and Rule 10b-18 under the Securities Exchange Act of 1934, as amended, and other relevant regulations.
The repurchase program may be suspended, modified, or discontinued at any time, and does not obligate the Company to acquire any particular number of shares. The timing, manner, price, and amount of any repurchases will be determined at the Company’s discretion, taking into account various factors such as business performance, economic and market conditions, prevailing stock prices, and corporate and regulatory considerations.
“Our Board of Directors and management believe that PCS stock trades at an attractive price,” said Todd Hackett Chief Executive Officer of PCS Edventures!. “It’s not about sending a signal, it’s about arithmetic. We will continue to deploy our capital where we believe it delivers the best long-term value for shareholders.”
For more information about PCS Edventures!, Inc., visit our website.
Company financial information and reports can be found at https://www.sec.gov
About PCS Edventures!, Inc.
PCS Edventures!, Inc. (“OTCPK: PCSV”) is a Boise, Idaho, company that designs and delivers technology-rich products and services for the K-12 market that develop 21st-century skills. PCS programs emphasize experiential learning in Science, Technology, Engineering, and Math (“STEM”). https://edventures.com/.
Forward-Looking Statements.
This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are not a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainties and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this Press Release. This Press Release should be considered in light of the disclosures contained in the filings of PCS and its “forward-looking statements” in such filings that are contained in the United States Securities and Exchange Commission (the “SEC”) Edgar Archives at https://www.sec.gov.
Contact.
Investor Contact: Michael Bledsoe 1.800.429.3110, mikeb@edventures.com
Investor Relations Web Site: https://investors.edventures.com/
FAQ
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