Webull Corporation (NASDAQ: BULL) saw its stock rise 5.5% on Tuesday after its board of directors approved a share repurchase program totaling up to $100 million.
Under the approved plan, the company may repurchase as much as $100 million of its Class A ordinary shares during the next 12 months. Funding for the repurchases will come from existing cash on hand and anticipated future cash flow, the company said.
Management indicated that repurchases could be executed in a variety of ways depending on prevailing conditions. That includes open market purchases at market prices, privately negotiated transactions, block trades, or other legally permissible methods. Webull also said it may adopt one or more trading plans to facilitate purchases under the program.
The company emphasized that the timing and size of any repurchases will be influenced by a number of factors - including Webull’s capital position, liquidity, financial performance, competing uses of capital, the market price of its shares, regulatory requirements and broader market conditions. The firm is not required to repurchase any specific number of shares and retains the ability to modify, suspend or terminate the program at any time.
Anthony Denier, Group President and U.S. Chief Executive Officer of Webull, characterized the action as part of the company’s ongoing effort to optimize its capital structure and deliver long-term value to shareholders.
H.C. Wang, Webull’s Chief Financial Officer, said the repurchase authorization reflects the company’s balance-sheet strength and its capacity to return capital to shareholders while maintaining flexibility to pursue growth priorities.
Summary - The board-approved share repurchase program permits up to $100 million of Class A ordinary shares to be acquired over the next 12 months, with purchases financed by current cash and future cash flow. Execution methods and timing are subject to market conditions and regulatory considerations, and the company may alter or end the program at its discretion.
- Authorization: Up to $100 million of Class A ordinary shares over 12 months.
- Funding: Existing cash and future cash flow.
- Execution methods: Open market, privately negotiated transactions, block trades, other legally permissible means, and trading plans.
The announcement and accompanying executive comments highlight a dual objective: returning capital to shareholders while retaining flexibility to invest in growth. The stock reaction on Tuesday underscores investor attention to buybacks as a capital-allocation tool.