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Blackboxstocks, Inc. (BLBX) Retires 687,761 Common Shares Held in Treasury
Blackboxstocks Inc. (BLBX), (“Blackbox” or the “Company”), a financial technology and social media hybrid platform offering real-time proprietary analytics for stock and options traders of all levels, announced today that it has retired 687,761 common shares the Company repurchased and held in Treasury.
The shares were repurchased during 2022 pursuant to Blackbox’s stock repurchase plan and will be retired from issued and outstanding common shares and added back to authorized but unissued shares. The Company initiated its $2.5 million stock repurchase plan in January 2022 and later extended its termination date to December 31, 2023. Currently, $1,397,625 remains available under the plan to repurchase the Company’s common stock.
Blackboxstocks Chief Executive Officer Gust Kepler stated, “We remain confident in Blackbox’s outlook and believe that we have demonstrated that belief through our active stock repurchases. Retiring the repurchased shares will reduce our outstanding share count as we continue working to enhance shareholder value.”
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