Janover Announces Share Repurchase Program
16 Noviembre 2023 - 8:00AM
Janover Inc. (Nasdaq: JNVR) (“Janover” or the
“Company”), an AI-enabled B2B fintech marketplace connecting
commercial property borrowers and lenders with a human touch, today
announced that its Board of Directors (the “Board”) authorized a
share repurchase program under which the Company may repurchase up
to $1,000,000 of its outstanding shares of common stock on the open
market, in accordance with all applicable securities laws and
regulations, including Rule 10b-18 of the Securities Exchange Act
of 1934, as amended. The Company’s decision to repurchase its
shares, as well as the timing of such repurchases, will depend on a
variety of factors that include ongoing assessments of the
Company’s capital needs, market conditions and the price of the
Company’s common stock and other corporate considerations, as
determined by management. The Company has approximately 10.0
million shares outstanding.
Blake Janover, CEO of Janover, stated, “We are
excited to launch this share repurchase program, a strategic step
to drive value for shareholders as we view our stock as an
attractive investment, particularly at these levels. The
authorization from the Board to repurchase shares is an indication
of our Company’s financial strength and demonstrates the Board's
confidence in our business model and outlook. The last couple
of months have been transformative for the Company and we believe
the Company is in a stronger position than at any time in our
history. However, we do not believe our current share price
reflects this. We’ve never been be more encouraged by the outlook
for the business and we are excited to provide further updates on
significant initiatives that are underway.”
About Janover Inc.
Janover is a B2B fintech marketplace connecting
commercial property borrowers and lenders with a human touch. The
Company seeks to revolutionize the commercial real estate lending
market by making it hyper-efficient, transparent, and accessible to
all rather than the few. Through the Company’s online platform, it
provides technology that connects commercial mortgage borrowers
looking for capital to refinance, build, or purchase commercial
property, including, but not limited to, apartment buildings, to
commercial property lenders. Borrowers include, but are not limited
to, owners, operators, and developers of commercial real estate
including multifamily properties and most recently, a growing
segment of small business owners, which Janover believes represents
a significant growth opportunity. Lenders include small banks,
credit unions, REITs, Fannie Mae® and Freddie Mac® multifamily
lenders, FHA® multifamily lenders, debt funds, CMBS lenders, SBA
lenders, and more. Additional information about the Company is
available at: https://janover.co/.
To view the latest investor presentation, please
visit https://ir.janover.co/.
Forward-Looking Statements
This release contains “forward-looking
statements” within the meaning of the safe harbor provisions of the
U.S. Private Securities Litigation Reform Act of 1995.
Forward-looking statements can be identified by words such as:
“anticipate,” “intend,” “plan,” “believe,” “project,” “estimate,”
“expect,” strategy,” “future,” “likely,” “may,”, “should,” “will”
and similar references to future periods. Forward-looking
statements are neither historical facts nor assurances of future
performance. Instead, they are based only on our current beliefs,
expectations and assumptions regarding the future of our business,
future plans and strategies, projections, anticipated events and
trends, the economy and other future conditions. Because
forward-looking statements relate to the future, they are subject
to inherent uncertainties, risks and changes in circumstances that
are difficult to predict and many of which are outside of our
control. Our actual results and financial condition may differ
materially from those indicated in the forward-looking statements.
Therefore, you should not rely on any of these forward-looking
statements. Forward-looking statements are neither
historical facts nor assurances of future performance. Instead,
they are based only on our current beliefs, expectations and
assumptions regarding the future of our business, future plans and
strategies, projections, anticipated events and trends, the economy
and other future conditions.
Because forward-looking statements relate to the
future, they are subject to inherent uncertainties, risks and
changes in circumstances that are difficult to predict and many of
which are outside of our control. Our actual results and financial
condition may differ materially from those indicated in
the forward-looking statements. Therefore, you should not
rely on any of these forward-looking statements.
Important factors that could cause our actual results and financial
condition to differ materially from those indicated in
the forward-looking statements include, among
others, the following: (i) the effect of and uncertainties related
the ongoing volatility in interest rates; (ii) our
ability to achieve and maintain profitability in the future; (iii)
the impact on our business of the regulatory environment and
complexities with compliance related to such environment; (iv) our
ability to respond to general economic conditions; (v) our ability
to manage our growth effectively and our expectations regarding the
development and expansion of our business; (vi) our ability to
access sources of capital, including debt financing and other
sources of capital to finance operations and growth and other
risks and uncertainties more fully in the section captioned "Risk
Factors" in the Company’s Registration Statement on Form S-1
related to the public offering (SEC File No. File No. 333-267907)
and other reports we file with the SEC. As a result of these
matters, changes in facts, assumptions not being realized or other
circumstances, the Company's actual results may differ materially
from the expected results discussed in the forward-looking
statements contained in this press release. Forward-looking
statements contained in this announcement are made as of this date,
and the Company undertakes no duty to update such information
except as required under applicable law.
Contact:Crescendo Communications, LLCTel:
212-671-1020Email: jnvr@crescendo-ir.com
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