secwatch.observer — SEC 8-K summary
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Issuer:     OneSpan Inc. (OSPN)
CIK:        0001044777
Form:       8-K
Filed at:   2023-11-13T23:59:59+00:00
Accession:  0001628280-23-038424
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1044777/000162828023038424/0001628280-23-038424-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1044777/000162828023038424/ospn-20231113.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-038424

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