- Santech (NASDAQ:STEC) board of directors authorized a new share repurchase program under which the company may repurchase up to $5M worth of its outstanding ADS, each representing two ordinary shares, over the next 12 months starting from August 26, 2024.
- The company plans to fund repurchases from its existing cash balance.
- The stock price gained 19.7% on Monday during pre-market hours of trade.
