BuybackApr 29, 2026, 08:12 AM
FRMM Repurchases 5.6M Shares for $24.1M Under Buyback Program
AI Summary
Forum Markets, Incorporated (FRMM) provided an update on its share repurchase program, which was reinitiated on April 15, 2026. The company has repurchased and cancelled approximately 5,647,351 shares of its common stock at an average price of $4.26 per share, totaling $24,065,613. These repurchases were funded using existing cash, resulting in approximately 14,649,582 shares outstanding as of April 28, 2026.
Key Highlights
- FRMM repurchased approximately 5,647,351 shares of common stock.
- The shares were repurchased at an average price of approximately $4.26 per share.
- Total aggregate cost for the repurchases was approximately $24,065,613.
- The repurchases were funded with existing cash on the Company's balance sheet.
- All repurchased shares have been retired and cancelled.
- Following repurchases, approximately 14,649,582 shares remain outstanding as of April 28, 2026.
- The share repurchase program was reinitiated effective April 15, 2026.