AVAX One Board Authorizes Up To $40 Mln Share Repurchase Program
(RTTNews) - AVAX One Technology Ltd. (AVX), a technology company, on Thursday announced that its Board of Directors has approved a share repurchase program of up to $40 million, to be executed over one year.
"At current levels, we see repurchasing our stock as a compelling use of capital that delivers meaningful returns and underscores the strength of the business," said Jolie Kahn, Chief Executive Officer of AVAX One.
Avax One shares rose more than 6% in pre-market trading after closing at $1.50, down 7.98% on Wednesday.
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