Flywire Continues Execution on Buyback Plan Through Direct Repurchase Agreement
Flywire completed a $29 million direct repurchase of approximately 1.87 million shares of non-voting common stock from a pre-IPO shareholder. The transaction was executed at a discount to the May 13 closing market price and funded entirely with cash on the balance sheet, replacing a previously announced $50 million accelerated share repurchase (ASR) plan.
Key figures
- Repurchase amount
- 29000000
- Shares repurchased
- 1870000
- Target annual dilution
- 3%
- Total repurchase authorization
- 300000000
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