SuperX AI Technology Ltd. (SUPX), on Wednesday announced that its Board has authorized a share repurchase program of up to $20 million over the next year.
The move indicates confidence in the company's strategy and expanding global AI infrastructure opportunities.
The program enables strategic capital deployment aimed at enhancing long-term shareholder value while preserving balance-sheet flexibility for upcoming expansion initiatives.
Repurchases may occur on the open market or through privately negotiated transactions.
In the pre-market trading, SuperX AI Technology 3.37% higher at $22.69 on the Nasdaq.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.