RCM Tech boosts ATM to $25M, authorizes new $25M share buyback

RCM TECHNOLOGIES, INC.

Board increased ATM equity offering program from $17.9M to $25.0M; B. Riley Securities acts as agent.
Board approved new $25.0M common stock repurchase program, replacing and terminating prior buyback plan.
Repurchases may be made in open market or negotiated transactions; no price targets or timetables set.
Company expects to fund repurchases using working capital and revolving credit facility.
Prospectus supplement dated August 11, 2022 filed with SEC for ATM increase.

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