eGain increases stock repurchase program by $20M to $40M total, extends indefinitely

EGAIN Corp

Board approved $20M increase in repurchase program to $40M aggregate authorization.
As of May 23, 2024, eGain had repurchased ~$19.3M, leaving ~$20.7M available after increase.
Program extended until earlier of full repurchase or board termination; no expiration date now.
CEO Ashu Roy cited strong balance sheet and belief that shares are undervalued.
Repurchases to be funded from existing cash or future cash flows; no obligation to buy specific number.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.