BuybackJul 7, 2026, 07:31 AM
Streamex Authorizes $20M Share Buyback for 10M Shares
AI Summary
Streamex Corp. announced its board of directors authorized a new share repurchase program. The company may repurchase up to 10,000,000 shares of its common stock at a price per share up to $2.00 over the next 12 months. Executive Chairman Morgan Lekstrom stated this reflects confidence in Streamex's value and long-term trajectory, believing the current stock price does not reflect the company's infrastructure or opportunity.
Key Highlights
- Board authorized a new share repurchase program.
- Company may repurchase up to 10,000,000 common shares.
- Repurchase price per share up to $2.00.
- Program to be executed over the next 12 months.
- Total potential value of the buyback is $20 million.
- Management believes current stock price undervalues the company.
- GLDY product is live and accessible through institutional channels.
Price Impact
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