1 min read
Add as a preferred source on Google

Manhattan Bridge Capital Expands Buyback Authorization to 250,000 Shares

The company raised its existing authorization from 100,000 common shares and extended the program by 12 months.

Blank share certificates arranged beside a corporate building model / TokenPost.ai
Blank share certificates arranged beside a corporate building model / TokenPost.ai

Manhattan Bridge Capital (LOAN) increased the authorization under its existing share-repurchase program to 250,000 common shares from 100,000, expanding the number of shares covered by the buyback.

The company also extended the program by 12 months.

The move increases the company’s approved capacity for potential share repurchases but does not indicate that all 250,000 shares will be bought.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

Loading…