Valens Semiconductor announced that its Board of Directors approved a share repurchase program of up to $10 million of the company's ordinary shares. This program is subject to the completion of required Israeli regulatory procedures.
Share repurchases under the program will be executed from time to time through open market purchases, private transactions, or other methods permitted by securities laws. The timing and amounts of any purchases will depend on market conditions and other factors, including price and capital availability.
The initiation of this share repurchase program reflects management's confidence in the company's long-term prospects and its commitment to enhancing shareholder value. The program does not mandate the purchase of any minimum amount of shares and can be modified or discontinued at any time.
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