BuybackNov 6, 2026, 10:26 AM
SunCar Technology Group Authorizes $10 Million Share Buyback Program
AI Summary
SunCar Technology Group Inc. announced that its board of directors has authorized a share repurchase program to buy back up to $10 million of its outstanding Class A ordinary shares. This reflects the Company's confidence in its long-term growth prospects. The program is expected to run for the next three months and will be funded by cash on hand and cash generated from operations. The Company may repurchase shares through various methods in accordance with applicable securities laws.
Key Highlights
- SunCar Technology Group Inc. announced a share repurchase program authorized by its board of directors.
- The program allows for the buyback of up to $10 million of its outstanding Class A ordinary shares.
- The share repurchase program is expected to be executed over the next three months.
- The Company intends to fund the repurchases through cash on hand and operational cash flow.
- Repurchases may occur on the open market or through privately negotiated transactions.
Price Impact
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