other material
confidence high
sentiment positive
materiality 0.50
Collegium executes $25M accelerated share repurchase; initial delivery of 865K shares
COLLEGIUM PHARMACEUTICAL, INC
- Executed ASR with Jefferies LLC to repurchase $25M of Collegium common stock.
- Initial delivery of ~865,426 shares based on $23.11 closing price (Nov 8, 2023), ~80% of expected total.
- Final settlement expected in Q4 2023; shares outstanding ~33.1M as of Sep 30, 2023.
- Part of $100M share repurchase program authorized by Board in January 2023.