Mogo Inc. announced that it repurchased approximately 2% of its currently issued and outstanding shares during the second quarter of 2025. This action was conducted under its previously announced NASDAQ buyback program.
During the quarter, the company repurchased 523,091 common shares at an average price of approximately US$1.83 per share. This buyback demonstrates a commitment to returning value to shareholders.
The repurchase reduces the total number of outstanding shares, which can enhance shareholder value. This move reflects management's confidence in the company's intrinsic value.
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