other material
confidence high
sentiment positive
materiality 0.65
Collegium enters $25M accelerated share repurchase; 692,281 shares initially delivered
COLLEGIUM PHARMACEUTICAL, INC
- ASR with Jefferies for $25M; part of $150M repurchase program authorized Jan 2024.
- Initial delivery of 692,281 shares (approx 80% of expected) at $28.89 closing price on May 9.
- Final settlement expected by Q3 2025; shares based on volume-weighted average price.
- As of March 31, 2025, Collegium had ~32.1M shares outstanding.