Sono-Tek announces $2.0M share repurchase program; no debt, $11.6M cash

SONO TEK CORP

Board authorized up to $2.0M in common stock repurchases with no time limit.
Repurchases may be made via open market or Rule 10b5-1 plan at company's discretion.
Cash and equivalents $11.6M, zero debt, ~15.75M shares outstanding as of Aug 31, 2024.
Funding from existing cash and future flows; program may be modified or suspended anytime.

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