other material
confidence high
sentiment neutral
materiality 0.35
Lantern Pharma extends share repurchase program to July 31, 2022; $3.6M remaining authorization.
Lantern Pharma Inc.
- Board extended existing share repurchase program through July 31, 2022, with $7M total authorization.
- Since Nov 2021, 475,157 shares repurchased for ~$3.4M; $3.6M remaining as of March 21, 2022.
- Company had $70.7M cash, equivalents, and marketable securities as of Dec 31, 2021.
- Repurchases may occur on open market or privately; program may be suspended at any time.