Corporate ActionJul 21, 2026, 04:12 PM
SRX Global gets waiver for $0.05 dividend & $20M buyback
AI Summary
SRX Global Inc. secured a Limited Waiver and Consent Agreement from its Required Holders, overriding prior restrictions in its Securities Purchase Agreement. This waiver permits the company to declare a one-time cash dividend of $0.05 per share, payable on August 3, 2026, to shareholders of record on July 22, 2026. Additionally, the company can now proceed with a stock repurchase plan, allowing it to buy back up to 10 million shares or 50% of outstanding common stock, with an aggregate value not exceeding $20 million, by July 7, 2027.
Key Highlights
- Waiver obtained for dividend and stock repurchase plan.
- One-time cash dividend of $0.05 per share declared.
- Dividend record date: July 22, 2026.
- Dividend payment date: August 3, 2026.
- Stock repurchase plan up to 10,000,000 shares.
- Repurchase plan not to exceed $20,000,000.
- Repurchase plan valid until July 7, 2027.
Price Impact
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