Sezzle Board of Directors Authorizes US$5 Million Stock Repurchase Program
22 Diciembre 2023 - 8:02AM
Sezzle Inc. (NASDAQ:SEZL, ASX:
SZL) (
Sezzle or
Company) // Purpose-driven digital payment platform, Sezzle,
today announced that the Company’s Board of Directors (the “Board”)
has authorized a stock repurchase program of up to US$5 million of
its outstanding shares of common stock on the Nasdaq Capital Market
(“NASDAQ”). The manner, timing and amount of any purchase will be
based on an evaluation of market conditions, stock price and other
factors.
"Sezzle is committed to maximizing shareholder
value, and we consider this stock repurchase authorization to be a
positive step towards this goal,” stated Charlie Youakim, Sezzle
Chairman and CEO. “We believe the current share price does not
reflect the Company’s intrinsic value and this action underscores
the Board’s confidence in the Company. Given our strong
performance, we believe this share repurchase program is a timely
and appropriate use of the Company’s capital resources.”
Repurchases under the program will be made in
open market transactions in compliance with the Securities and
Exchange Commission Rule 10b-18 and federal securities laws. The
repurchase program will commence no earlier than January 17, 2024,
following the Company’s delisting from the ASX, and is expected to
be completed over the following 12-month period thereafter. The
stock repurchase program does not obligate the Company to acquire
any particular amount of common stock, and it may be extended,
suspended or discontinued at any time at the Company’s
discretion.
Contact Information
Lee Brading, CFAInvestor Relations+1 651 240
6001InvestorRelations@sezzle.com |
Justin ClyneCompany Secretary+61 407 123
143jclyne@clynecorporate.com.au |
Erin ForanMedia Enquiries+1 651 403
2184erin.foran@sezzle.com |
About Sezzle Inc.
Sezzle is a fintech company on a mission to
financially empower the next generation. Sezzle’s payment platform
increases the purchasing power for millions of consumers by
offering interest-free installment plans at online stores and
select in-store locations. Sezzle’s transparent, inclusive, and
seamless payment option allows consumers to take control over their
spending, be more responsible, and gain access to financial
freedom.
For more information visit sezzle.com.
Forward Looking Statements
This press release contains forward-looking
statements within the meaning of Section 27A of the Securities Act,
and Section 21E of the Securities Exchange Act of 1934, as amended.
We have based these forward-looking statements largely on our
current expectations and projections about future events and
financial trends affecting the financial condition of our business.
Forward-looking statements include our expectations, whether stated
or implied, regarding our financing plans and other future
events.
Forward-looking statements generally can be
identified by the use of words such as "anticipate," "expect,"
"plan," "could," "may," "will," "believe," "estimate," "forecast,"
"goal," "project," and other words of similar meaning. These
forward-looking statements address various matters including
statements regarding the timing or nature of future operating or
financial performance or other events. Each forward-looking
statement contained in this press release is subject to risks and
uncertainties that could cause actual results to differ materially
from those expressed or implied by such statement. Applicable risks
and uncertainties include, among others: a change in our plans to
effectuate our stock repurchase program; impact of the “buy-now,
pay-later” (“BNPL”) industry becoming subject to increased
regulatory scrutiny; impact of operating in a highly competitive
industry; a change in our ability to remain listed on the Nasdaq
Capital Market; impact of macro-economic conditions on consumer
spending; our ability to increase our merchant network, our base of
consumers and underlying merchant sales (UMS); our ability to
effectively manage growth, sustain our growth rate and maintain our
market share; our ability to meet additional capital requirements;
impact of exposure to consumer bad debts and insolvency of
merchants; impact of the integration, support and prominent
presentation of our platform by our merchants; impact of any data
security breaches, cyberattacks, employee or other internal
misconduct, malware, phishing or ransomware, physical security
breaches, natural disasters, or similar disruptions; impact of key
vendors or merchants failing to comply with legal or regulatory
requirements or to provide various services that are important to
our operations; impact of the loss of key partners and merchant
relationships; impact of exchange rate fluctuations in the
international markets in which we operate; our ability to protect
our intellectual property rights; our ability to retain employees
and recruit additional employees; impact of the costs of complying
with various laws and regulations applicable to the BNPL industry
in the United States and Canada; and our ability to achieve our
public benefit purpose and maintain our B Corporation
certification. The Company cautions investors not to place
considerable reliance on the forward-looking statements contained
in this press release. You are encouraged to read the Company's
filings with the SEC, available at www.sec.gov, for a discussion of
these and other risks and uncertainties, including but not limited
to those risks described in “Item 1A. Risk Factors” of our Annual
Report on Form 10-K for the year ended December 31, 2022 filed with
the SEC on February 28, 2023. The forward-looking statements in
this press release speak only as of the date of this document, and
the Company undertakes no obligation to update or revise any of
these statements. The Company's business is subject to substantial
risks and uncertainties, including those referenced above.
Investors, potential investors, and others should give careful
consideration to these risks and uncertainties.
Erin Foran
Sezzle
6514032184
erin.foran@sezzle.com
Sezzle (NASDAQ:SEZL)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
Sezzle (NASDAQ:SEZL)
Gráfica de Acción Histórica
De May 2023 a May 2024