BuybackAug 13, 2026, 04:47 PM
Abacus Global Management Announces $100M Share Buyback
AI Summary
Abacus Global Management, Inc. announced that its Board of Directors authorized a new $100 million stock repurchase program. The program is set to begin on August 17, 2026, and will continue until May 6, 2028. This initiative builds on approximately $80 million in repurchases under previous programs since December 2023 and will be funded through free cash flow, balance sheet transactions, and cash on hand, reflecting confidence in the company's business model and capital allocation strategy.
Key Highlights
- Board authorized a new $100 million stock repurchase program.
- Program commences on August 17, 2026.
- Repurchases can occur until May 6, 2028.
- Company has repurchased approximately $80 million under prior programs since December 2023.
- Funding will come from ongoing free cash flow, balance sheet transactions, and cash on hand.
Price Impact
More from ABX