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Forum Markets Lowers Share Buyback Authorization to $100 Million From $250 Million
Forum Markets (FRMM) said in a regulatory filing Tuesday that it has reduced the amount authorized under its share repurchase program to $100 million from $250 million and extended the program's termination date by one year to June 30, 2027.The company's board also authorized repurchases through derivative transactions under the amendment, the company said.Forum Markets said the program does not obligate it to repurchase any specific number of shares or any aggregate dollar amount of shares. The program may be extended, suspended or terminated at any time by the board.Shares of the company were down 3.1% in Tuesday's premarket trading.
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