Powerlaw Corp. (Nasdaq: PWRL) Announces Share Repurchase Authorization to Purchase up to 10% of Outstanding Common Shares
Powerlaw Corp. authorized a 12-month share repurchase program allowing the buyback of up to 10% of its outstanding common stock, or approximately 4.3 million shares. Repurchases under the program are restricted to periods when the shares trade at a discount of 5% or greater to the company's most recent net asset value.
Key figures
- Nav discount threshold
- 5%
- Max percent outstanding
- 10%
- Program duration months
- 12
- Shares repurchase authorized
- 4324293
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