EHang Holdings announces $30M share repurchase program
- EHang Holdings (NASDAQ:EH) announced that its board has approved a $30 million share repurchase program.
- Under the 12-month program, the company may buy back its American Depositary Shares (ADSs) or ordinary shares.
- The company expects to fund repurchases from its existing cash balance and cash generated from operations.
- The share repurchase amount of $30 million represents ~3.1% of market cap of $967.0 million as of Nov 21, 2024.
- Stock of EH is up about 1% in premarket trade on Friday.
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