Safeguard Scientifics authorizes $3M share repurchase, replacing prior $6M plan

SAFEGUARD SCIENTIFICS INC

New $3M buyback replaces $6M plan announced May 2021; expects completion by end of 2022.
Prior plan repurchased 236,159 shares at avg $6.94/share for $1.6M before suspension.
CEO says current share price does not reflect portfolio fair value; repurchase is prudent.
Company funded ~$1.4M to Clutch Holdings; YTD deployments $3.4M vs FY estimate $5-9M.
No material developments in strategic alternatives evaluation with Houlihan Lokey; outcome uncertain.

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