The Joint Corp. (JYNT), the largest chiropractic care provider in the U.S. through its The Joint Chiropractic network, announced that its board has approved a stock repurchase program starting in August 2025, allowing the company to buy back up to $5 million of its outstanding common shares.
CEO Sanjiv Razdan stated that the buyback reflects the board's confidence in the company's long-term strategy, franchising efforts, and cash flow prospects. He emphasized that the current stock price does not fully reflect the franchise model's value, and the repurchase program highlights the company's focus on disciplined capital allocation and shareholder value.
Repurchases may occur through open market or private transactions, subject to securities laws, market conditions, and board discretion. The program, set to end by June 3, 2027, does not obligate the company to buy a specific amount and can be paused or stopped at any time.
Sanjiv Razdan, CEO of The Joint Corp., expressed the board's confidence in the company's strategic direction, franchising, and cash flow. He noted that the stock repurchase demonstrates commitment to capital discipline and enhancing shareholder value, pointing out that the current stock price undervalues the company's long-term prospects.
Thursday, JYNT closed at $12.31, up 10.80%, and remained unchanged in after-hours trading on the Nasdaq Capital Market.
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