Sezzle (SEZL) said Monday its board declared a six-for-one split of its common shares via a stock dividend.
Shareholders of record as of March 21 will receive five additional shares for each share held, with distribution set for March 28, the company said.
Trading on a split-adjusted basis is expected to begin on March 31.
Additionally, the board authorized a share repurchase program of up to $50 million, with no fixed expiration, Sezzle said.
The company's shares were rising past 10% in after-hours activity.
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