Andrii Dodonov
- Financial technology company MoneyLion (NYSE:ML) said on Monday that its board has authorized an up to $20M repurchase of the outstanding class A shares.
- The company may repurchase from time to time its class A shares for cash through any manner, including open market transactions, privately negotiated transactions with third parties or accelerated share repurchase agreements.
- The share repurchase program is expected to be funded from existing cash on hand and future cash flows.
- As of June 30, MoneyLion had cash and cash equivalents of ~$98M.
- MoneyLion had 10.97M class A shares as of August 1.
- Source: Press Release
