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US Stock HYPE Treasury Company Hyperliquid Strategies Approves $30 Million Stock Buyback Plan
BlockBeats News, December 8th, according to The Wall Street Journal, Hyperliquid Strategies Inc (Nasdaq: PURR) today announced that its board of directors has authorized a share repurchase plan of up to $30 million to repurchase the company's outstanding common stock (par value $0.01 per share). The stock repurchase plan is effective for 12 months.
David Shamis, the company's CEO, stated: "We are committed to creating the maximum value for shareholders through prudent execution of our capital management strategy. Our primary objective is to enable investors to efficiently invest in HYPE - the flagship native token of the Hyperliquid ecosystem. We will utilize company cash to enhance the exposure of HYPE per share of assets held by shareholders in the most efficient manner."
The repurchased shares will be made in accordance with federal securities laws, through open market transactions at market prices, through privately negotiated transactions, or by other means. The specific timing, quantity, and amount of share repurchases under the repurchase plan will be determined at the discretion of management and will depend on various factors, including the market price of HSI common stock, overall market and economic conditions, and applicable legal requirements. The company cannot guarantee the final number of shares repurchased, and the repurchase plan may be extended, suspended, or terminated at any time at the company's discretion without further notice.
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