Better Choice Company Board of Directors Authorize Stock Repurchase Program
16 Aprile 2024 - 3:15PM
Better Choice Company Inc. (NYSE American: BTTR) (the “Company” or
“Better Choice”), a pet health and wellness company, announces that
its Board of Directors has authorized a stock repurchase program
under which the Company can repurchase up to $5 million of the
currently outstanding shares of the Company’s common stock, until
December 31, 2024.
Shares may be repurchased in open market or
private transactions or pursuant to any trading plan that may be
adopted in accordance with Rule 10b5-1 of the Securities and
Exchange Commission (“SEC”). The timing and amount of any
repurchases will depend on a number of factors, including the
availability of stock, general market conditions, the trading price
of the stock, alternative uses for capital, and the Company’s
financial performance. Open market purchases will be made in
accordance with Rule 10b-18 of the SEC and other applicable legal
requirements. The Company is not obligated to repurchase any
particular number of shares or any shares in any specific time
period and the program may be modified, suspended, or discontinued
at any time. Payment for shares repurchased under the program will
be funded using the Company's cash on hand.
About Better Choice Company Inc.
Better Choice Company Inc. is a rapidly growing
pet health and wellness company committed to leading the industry
shift toward pet products and services that help dogs and cats live
healthier, happier and longer lives. We take an alternative,
nutrition-based approach to pet health relative to conventional dog
and cat food offerings and position our portfolio of brands to
benefit from the mainstream trends of growing pet humanization and
consumer focus on health and wellness. We have a demonstrated,
multi-decade track record of success selling trusted pet health and
wellness products and leverage our established digital footprint to
provide pet parents with the knowledge to make informed decisions
about their pet’s health. We sell the majority of our dog food, cat
food and treats under the Halo and TruDog brands, which are
focused, respectively, on providing sustainably sourced kibble and
canned food derived from real whole meat, and minimally processed
raw-diet dog food and treats. For more information, please
visit https://www.betterchoicecompany.com.
Forward Looking Statements
This press release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. The words “believe,” “may,” “estimate,”
“continue,” “anticipate,” “intend,” “should,” “plan,” “could,”
“target,” “potential,” “is likely,” “will,” “expect” and similar
expressions, as they relate to us, are intended to identify
forward-looking statements. The Company has based these
forward-looking statements largely on our current expectations and
projections about future events and financial trends that we
believe may affect our financial condition, results of operations,
business strategy and financial needs. Some or all of the results
anticipated by these forward-looking statements may not be
achieved. Further information on the Company’s risk factors is
contained in our filings with the SEC. Any forward-looking
statement made by us herein speaks only as of the date on which it
is made. Factors or events that could cause our actual results to
differ may emerge from time to time, and it is not possible for us
to predict all of them. The Company undertakes no obligation to
publicly update any forward-looking statement, whether as a result
of new information, future developments or otherwise, except as may
be required by law.
Company Contact:Better Choice Company, Inc.Kent
Cunningham, CEO
Investor Contact:KCSA Strategic
CommunicationsValter Pinto, Managing DirectorT:
212-896-1254Valter@KCSA.com
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