other material
confidence high
sentiment positive
materiality 0.75
Zeta announces $100M buyback, denies Culper Research short-seller claims
Zeta Global Holdings Corp.
- Board authorizes $100M stock repurchase program through December 31, 2026, supplementing existing program.
- Company rejects Culper Research short-seller report as full of misrepresentations and false statements.
- Auditor Deloitte gave unqualified opinion on FY2023 financials and internal controls; data compliance defended.
- Revenue from customers who are also vendors is insignificant; Apptness and ArcaMax combined <3% of YTD revenue.
- Digital Media Solutions trailing 12-month revenue less than $200,000; not a material customer.