Rambus initiates $50M accelerated share repurchase program with RBC

RAMBUS INC

Pre-pays $50M to RBC; expects initial delivery of ~675,000 shares within first week.
Final repurchase quantity based on VWAP of RMBS common stock during valuation period, less discount.
Program expected to complete by end of Q1 2024; part of board-authorized repurchase plan.
CEO Seraphin cites strong balance sheet, cash generation, confidence in long-term growth.

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