TeraWulf’s board authorizes $200M share repurchase

seekingalpha

2024-10-24

TeraWulf (NASDAQ:WULF) said on Wednesday that its Board of Directors has approved a share repurchase program authorizing the company to repurchase up to $200 million of its outstanding shares of common stock through December 31, 2025.
TeraWulf intends to repurchase shares using excess cash. When determining the amount of capital to be allocated to share repurchases, TeraWulf will consider various factors, including historical and projected business performance, cash flow, liquidity, and prevailing global economic and market conditions.
The company will also assess the market price of its common stock.
TeraWulf (WULF) shares were down more than 5.5% in post-market trading on Wednesday.

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