Ibotta, Inc. (IBTA), Wednesday announced that its Board of Directors has approved a $100 million increase to its share repurchase program for Class A common stock.
The company said the program has no expiration date, and purchases may be made through open market transactions or privately negotiated deals, subject to market conditions and legal requirements.
Ibotta is not obligated to repurchase a specific amount of stock and may suspend or terminate the program at any time.
IBTA is currently trading at $41.60, up $2.52 or 6.44 percent on the New York Stock Exchange.
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