XMax Board Authorizes Share Repurchases of Up to $30 Million
Photo: TokenPost
XMax Inc. (XMAX) announced Tuesday that its board authorized a buyback with a maximum value of $30 million, limiting any purchase to less than $5.50 per share while setting no start date. The board approved the program Oct. 31. On Nov. 2, XMax amended the conditions that must be met before purchases can begin. The company has not announced a start date. Before buying shares, XMax must publish results for its fiscal quarter that ended Sept. 30, publicly disclose any material nonpublic information and engage a broker-dealer.
Source: TokenPost
