SunCar Technology Group Inc. (SDA) Friday announced that its board has authorized to buy back up to $30 million of its outstanding Class A ordinary shares.
The Company may repurchase shares from time to time on the open market or in privately negotiated transactions, or otherwise.
SunCar intends to fund the repurchases through a combination of cash on hand and cash generated from operations.
The share repurchase program is expected for the next 12 months.
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