Webull (BULL) said Tuesday that its board has approved a share buyback program for as much as $100 million of its class A ordinary shares over the next 12 months.
The company said it will make repurchases through open market transactions at prevailing market prices, in privately negotiated transactions, in block trades, or other means, based on market conditions.
Webull plans to fund the program with cash on hand and future cash flow.
Shares of Webull were up more than 9% pre-bell Tuesday.
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