US stock HYPE financial company Hyperliquid Strategies approves $30 million stock buyback plan

On December 8, according to The Wall Street Journal, Hyperliquid Strategies Inc (Nasdaq: PURR) announced today that its Board of Directors has authorized a stock repurchase program of up to $30 million for the buyback of the company’s outstanding common stock (par value $0.01 per share). The stock repurchase program will be in effect for 12 months. Company CEO David Shamis stated: “We are committed to creating maximum value for shareholders through the prudent execution of capital management strategies. Our primary goal is to enable investors to efficiently invest in HYPE—the dominant native token of the Hyperliquid ecosystem. We will use company cash in the most efficient way to increase per-share exposure to HYPE for our shareholders.” Stock repurchases under the program may be carried out in accordance with federal securities laws, through open market transactions at prevailing prices, privately negotiated transactions, or other means. The specific timing, quantity, and value of shares repurchased under the program will be determined at management’s discretion and will depend on various factors, including the market price of HSI common stock, overall market and economic conditions, and applicable legal requirements. The company cannot guarantee the number of shares ultimately repurchased, and the repurchase program may be extended, suspended, or terminated at any time at the company’s discretion, without further notice.