Outbrain Inc. (NASDAQ:OB), a leading recommendation platform for the open web, today announced the Company’s Board of Directors approved a new stock repurchase program under which the Company is authorized to purchase up to $30 million of the Company’s common stock with no requirement to purchase any minimum number of shares.
The manner, timing, and actual number of shares repurchased under the program will depend on a variety of factors, including price, general business and market conditions, and other investment opportunities. Shares may be repurchased through privately negotiated transactions, or open market purchases, including through the use of trading plans intended to qualify under Rule 10b5-1 under the Exchange Act. The repurchase program may be commenced, suspended or terminated at any time by the Company at its discretion without prior notice.
