other material
confidence high
sentiment positive
materiality 0.60
Oncology Institute authorizes up to 5M share buyback at ≤$0.75; obtains lender consent
Oncology Institute, Inc.
- Board approved repurchase of up to 5M shares of common stock at price not exceeding $0.75 per share.
- Company entered Limited Consent with Deerfield to permit repurchases on or before June 16, 2023, at same price cap.
- Repurchases may be made in open market or negotiated purchases; no obligation to repurchase any shares.
- Limited Consent also waives certain notice requirements under the Facility Agreement.