CPI Card Group enters stock repurchase agreement with Parallel49 to buy up to 325k shares at 98% of VWAP

CPI Card Group Inc.

Agreement with Tricor Pacific (Parallel49) for CPI to buy shares equal to 3x its open market purchases from other holders during Apr-Jun 2024.
Maximum repurchase from Parallel49 capped at 325,000 shares; price set at 98% of volume-weighted average price (VWAP) of open market buys.
Repurchase expected to settle in early July 2024; all repurchased shares to be cancelled immediately.
Parallel49 granted option to sell additional shares in any privately negotiated repurchases CPI undertakes before June 30, 2024.
Independent Audit Committee of CPI's Board approved the agreement; share repurchase program remains unchanged at $20M authorization through Dec 2024.

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