Aterian, Inc. announced that its Board of Directors has authorized a share repurchase program of up to $3.0 million of the company’s common stock. This program is set to run for a period of two years, concluding on March 18, 2027. Purchases under the plan may be executed through various methods, including open market transactions, block purchases, or privately negotiated transactions.
Arturo Rodriguez, Chief Executive Officer, stated that the Board’s decision reflects collective confidence in the company’s future and the strength and flexibility of its financial profile. He emphasized Aterian's commitment to shareholders, noting the belief that the company’s stock is significantly undervalued. This initiative underscores management's conviction in the long-term value being created.
The share repurchase program is part of Aterian's capital allocation strategy, which will continue to support growth initiatives. The company's improved outlook and strong balance sheet provide the confidence to return capital directly to shareholders. This move aims to enhance shareholder value while maintaining sufficient resources for strategic growth.
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