Markets
SDA

SunCar Technology To Buyback $30 Mln Class A Ordinary Shares

February 07, 2025 — 10:38 am EST

Written by RTTNews.com for RTTNews->

(RTTNews) - SunCar Technology Group Inc. (SDA) Friday announced that its board has authorized to buy back up to $30 million of its outstanding Class A ordinary shares.

The Company may repurchase shares from time to time on the open market or in privately negotiated transactions, or otherwise.

SunCar intends to fund the repurchases through a combination of cash on hand and cash generated from operations.

The share repurchase program is expected for the next 12 months.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

Markets
RTTNews
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
More articles by this source->

Stocks mentioned

SDA

More Related Articles

Info icon

This data feed is not available at this time.

Data is currently not available

  • •

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.