WidePoint reinstates $2.5M stock repurchase plan; $2.1M remaining available

WIDEPOINT CORP

Board removed suspension of $2.5M repurchase plan, paused March 9, 2020 due to COVID-19.
As of Sept 27, 2021, $2.1M remains for future purchases; plan has no expiration date.
Company has 9.1M shares outstanding; repurchases via open market or private transactions.
CEO Jin Kang cites robust balance sheet and confidence in growth potential.
Repurchases subject to Rule 10b-18, market conditions, liquidity; may be suspended anytime.

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