secwatch.observer — SEC 8-K summary
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Issuer:     MAGNITE, INC. (MGNI)
CIK:        0001595974
Form:       8-K
Filed at:   2021-12-13T23:59:59+00:00
Accession:  0001595974-21-000069
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Magnite announces $50M share repurchase program through December 2022
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- Board authorized up to $50 million in common stock repurchases over 12 months starting Dec 10, 2021.
- CEO cites confidence in growth prospects and discounted intrinsic value of shares.
- Repurchases may be made via open market, private transactions, or block trades subject to market conditions.
- Company will fund repurchases from cash on hand; program may be suspended or modified at any time.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1595974/000159597421000069/0001595974-21-000069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1595974/000159597421000069/mgni-20211213.htm
  HTML page:      https://secwatch.observer/filing/0001595974-21-000069

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer