Terrestrial Energy Announces Share Repurchase Program
Terrestrial Energy's board authorized a share repurchase program of up to $25 million of common stock. Repurchases may occur via open market, negotiated transactions or block trades (including 10b5-1 plans), funded from existing cash, with no obligation to buy any set amount and an expiration of October 22, 2027. Against approximately 105.9 million shares outstanding, the authorization is modest but signals management confidence for a pre-commercial Generation IV nuclear developer targeting U.S.
Key figures
- Deal Value Usd
- 25000000
- Funding source
- existing cash on hand
- Program expiration
- October 22, 2027
- Shares outstanding
- 105900000
AI analysis
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