other material
confidence high
sentiment neutral
materiality 0.40
Moving iMage Technologies adopts new $363K share repurchase program and 10b5-1 plan
MOVING iMAGE TECHNOLOGIES INC.
- New program authorizes up to $363,000 of MITQ common stock, expires June 30, 2024 or earlier if fully repurchased.
- Prior $1M program repurchased ~6.3% of shares outstanding for $637,000 through March 22, 2024.
- 10b5-1 trading plan allows repurchases during blackout periods, expanding potential trading days from ~90 to 250 annually.
- Repurchases will be executed via independent broker-dealer under Rule 10b-18.