OneSpan launches $20M modified Dutch auction tender offer at $9.50-$11.00/share

OneSpan Inc.

Repurchase uses available cash; closing price on Nov 10 was $9.52, providing a potential premium.
Tender offer expires Dec 11, 2023; expects to buy between 1.8M and 2.1M shares (4.6%-5.3% of outstanding).
Offer is part of existing $50M stock repurchase program; remaining capacity after tender is ~$40.8M.
No directors or officers will tender shares; B. Riley Securities is dealer manager.
Stockholders may tender shares at any price within the stated range; no minimum tender condition.

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