On October 1, 2025, Thumzup Media Corporation announced that its Board of Directors has extended the window under which the broker‑dealer may repurchase shares under the company’s newly authorized $10 million share buyback program, extending the period from September 30, 2025 to October 31, 2025.
The extension allows Thumzup to repurchase up to $10 million in common stock on the open market, a limit that was previously authorized in September 2025. The company had already completed an initial $1 million share repurchase in September, buying 212,432 shares at a weighted average price of $4.71 per share, and the new window provides additional flexibility to deploy cash for shareholder returns.
CEO Robert Steele said the decision “ensures that we remain positioned to continue returning value to our shareholders on an ongoing basis.” He added that the company remains committed to balancing long‑term strategy with prudent capital allocation, including the repurchase of stock when it represents an attractive opportunity.
The move is part of Thumzup’s broader strategy to manage capital efficiently while supporting its growth initiatives, and it signals confidence in the company’s financial position and future cash flows.
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