DocGo announces $36M share buyback program, cites strong cash position and undervaluation

DocGo Inc.

Board approved up to $36M in share repurchases over 6 months ending July 30, 2024.
Credit agreement amended to allow aggregate repurchases up to $40M (including prior program).
CEO Bienstock states recent share price decline does not reflect company value.
CFO Rosenberg expects to commence purchases after blackout period ends early March.
Repurchases may be funded from existing cash, future cash flow, or debt proceeds.

item 1.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

DocGo Inc. amended Amendment with Citibank, N.A. (effective 2024-01-30).

Action: amendment
Agreement: credit facility
Counterparty: Citibank, N.A.
Effective: 2024-01-30

Exact text from the filing

On January 30, 2024, DocGo Inc. (the “Company”) entered into an amendment (the “Amendment”) to the credit agreement, dated as of November 1, 2022, by and among the Company, Citibank, N.A. as administrative agent, and the other parties thereto.

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623 material agreements filed in the last 30 days. Browse all material agreements →

DocGo Inc. filing history →

Source: SEC EDGAR

accession 0001822359-24-000009

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