IZEA Announces $5 Million Share Repurchase Program
28 Junio 2024 - 8:00AM
IZEA Worldwide, Inc. (NASDAQ: IZEA), the premier provider of
technology, data, and services for the Creator Economy, today
announced that its Board of Directors has authorized a share
repurchase program under which the company may repurchase up to $5
million worth of its common stock from time to time, subject to
market conditions and the Company’s insider trading windows. A
special committee consisting of independent Board members has been
formed to authorize each individual buyback.
"We are encouraged by the year-over-year growth in bookings and
substantial increases in our pipeline, which have not yet been
reflected in our stock price. IZEA’s Board of Directors and
management team firmly believe that the market currently
undervalues our core business, technology assets, and cash
reserves. This share repurchase program grants us the flexibility
to buy back stock over time, provided market conditions remain
favorable," stated Ted Murphy, Chairman and CEO of IZEA.
Under the share repurchase program, the company may periodically
repurchase its common stock through open market transactions,
privately negotiated transactions, block trades or any combination
thereof in compliance with applicable securities laws and the
company’s insider trading policy. The number of shares repurchased
and the timing of repurchases will depend on several factors,
including, but not limited to, price, trading volume, and general
market conditions, along with IZEA’s working capital requirements
and general business conditions. The share repurchase program does
not obligate the company to acquire any specific number of shares
in any period and may be expanded, extended, modified, or
discontinued at any time.
About IZEA Worldwide, Inc.
IZEA Worldwide, Inc. (“IZEA”) is a marketing technology company
providing software and professional services that enable brands to
collaborate and transact with the full spectrum of today’s top
social influencers and content creators. The company serves as a
champion for the growing Creator Economy, enabling individuals to
monetize their content, creativity, and influence. IZEA launched
the industry’s first-ever influencer marketing platform in 2006 and
has since facilitated nearly 4 million transactions between online
buyers and sellers. Leading brands and agencies partner with IZEA
to increase digital engagement, diversify brand voice, scale
content production, and drive a measurable return on
investment.
Safe Harbor Statement
Statements in this press release that are not based on
historical fact are “forward-looking statements” within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Forward-looking statements, which
are based on certain assumptions and describe our future plans,
strategies and expectations, can generally be identified by the use
of forward-looking terms such as “believe,” “expect,” “may,”
“will,” “should,” “could,” “seek,” “intend,” “plan,” “goal,”
“estimate,” “anticipate” or other comparable terms. Examples of
forward-looking statements include, among others, statements we
make regarding expectations concerning the share repurchase program
and market valuations of IZEA’s business and assets.
Forward-looking statements involve inherent risks and
uncertainties which could cause actual results to differ materially
from those in the forward-looking statements, as a result of
various factors including, among others, the following: competitive
conditions in the content and social sponsorship segment in which
IZEA operates; failure to popularize one or more of the marketplace
platforms of IZEA; inability to finance growth initiatives in a
timely manner; changing economic conditions that are less favorable
than expected; and other risks and uncertainties described in
IZEA’s periodic reports filed with the Securities and Exchange
Commission. The forward-looking statements made in this release
speak only as of the date of this release, and IZEA assumes no
obligation to update any such forward-looking statements to reflect
actual results or changes in expectations, except as otherwise
required by law.
Nicole O’Hara
IZEA Worldwide, Inc.
Phone: 407-674-6911
Email: ir@izea.com
IZEA Worldwide (NASDAQ:IZEA)
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