DatChat, Inc. Provides Update on Share Repurchase Program
DatChat, Inc. ("DatChat" or the "Company") (Nasdaq: DATS), today provided an update on the $2 million share repurchase program (the "Share Repurchase Program") authorized by the Company's Board of Directors on January 6, 2023.
- DatChat, Inc. ("DatChat" or the "Company") (Nasdaq: DATS), today provided an update on the $2 million share repurchase program (the "Share Repurchase Program") authorized by the Company's Board of Directors on January 6, 2023.
- The Company reported that it has purchased 667,691 shares of common stock at an average price of $0.5949 per share as of 5/31/2023.
- Additional shares may be repurchased from time to time in open market transactions, or other means in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and Rule 10b -18 of the Exchange Act.
- The timing, number of shares repurchased, and prices paid for the stock under this program will depend on general business and market conditions as well as corporate and regulatory limitations, including blackout period restrictions.