Host Digital Announces $15 Million Share Repurchase Program

Host Digital Inc. (HOST) announced a program on Oct. 20 to repurchase up to $15 million of its outstanding common stock over as long as one year, setting a limit for potential share purchases. Host Digital shares rose more than 9% in premarket trading that day. The gain reflects trading before the regular U.S. market session, rather than a closing price. The $15 million figure is the maximum value of shares covered by the announced program. Host Digital announced the program; it did not announce a completed repurchase. John Kim reports on the digital-asset business for TokenPost.

Source: TokenPost