other material
confidence high
sentiment neutral
materiality 0.65
Collegium enters $50M accelerated share repurchase under $100M buyback program
COLLEGIUM PHARMACEUTICAL, INC
- $50 million ASR agreement with Jefferies LLC; initial delivery of ~1.7M shares (80% of expected) based on $23.49 close
- Final settlement expected in Q4 2023 based on volume-weighted average price during term
- Part of $100M share repurchase program authorized by Board in January 2023
- As of June 30, 2023, approximately 34.7 million shares outstanding