Standard Premium Finance Holdings Announces $250,000 Stock Repurchase Program
MIAMI, May 27, 2025 (GLOBE NEWSWIRE) -- Standard Premium Finance Holdings, Inc. (OTCQX: SPFX), a leading specialty finance company, today announced that its board of directors approved a stock repurchase program where the Company may purchase up to $250,000 of common stock in privately negotiated transactions over a six-month period, expiring November 2, 2025. The program will depend on market conditions, stock price, regulatory requirements and limitations, corporate liquidity requirements, priorities and other factors.
'The stock repurchase program reflects our confidence in the strategic direction, growth prospects and financial strength of the Company to support our strategic objectives,' says William Koppelmann, CEO, Standard Premium. 'The program provides flexibility to return capital to shareholders and demonstrates the long-term value of our business model.'
The program does not require the Company to purchase any particular number of shares and there is no guarantee as to the number of shares that will be purchased. The timing and price of repurchases, and the actual number of shares repurchased under the program will be at the discretion of management.
'The repurchase program is an efficient use of capital and a reflection of our disciplined approach to growth and value creation,' added Koppelmann. 'As we continue to execute our acquisition strategy and expand our national footprint, we remain focused on delivering long-term returns for our shareholders.'
The repurchase program aligns with the Company's record profitability in FY 2024 and Q1 2025, reflecting continued financial momentum and operational strength.
About Standard Premium Finance Holdings, Inc.
Standard Premium Finance Holdings, Inc. (OTCQX: SPFX), is a specialty finance company which has financed premiums on over $2 Billion of property and casualty insurance policies since 1991. We currently operate in 38 states and are seeking M&A opportunities of synergistic businesses to leverage economies of scale. https://www.standardpremium.com/
Cautionary Statement Regarding Forward-Looking Statements
This press release includes 'forward-looking statements' within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 and within the meaning of Section 27a of the Securities Act of 1933, as amended, and Section 21e of the Securities Exchange Act of 1934, as amended with regard to our anticipated future growth and outlook, including the Company's current plans concerning the stock repurchase plan. Our actual results may differ from expectations presented or implied herein and, consequently, you should not rely on these forward-looking statements as predictions of future events. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement to reflect any change in our expectations or any change in events, conditions or results.
Additional information concerning risk factors relating to our business is contained in Item 1A Risk Factors of our Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 10, 2025 which is available on the SEC's website at www.sec.gov or on the Investor Relations section of our website, standardpremium.com.
Media:
Nicholas Turchiano
CPR Marketing
[email protected]
201-641-1911x35
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News24
33 minutes ago
- News24
'Very disappointed' Trump in stunning live break-up with Musk
Trump says he is 'very disappointed' in Elon Musk after criticism of his tax and spending bill. Musk hits back on X, calling Trump 'ungrateful' and claiming he helped him win the 2024 election. Tesla shares drop 8% as public fallout between the two billionaires rattles markets. Tensions between Donald Trump and Elon Musk exploded into public view on Thursday, as the US president said he was 'very disappointed' by his billionaire former aide's criticisms and Musk hit back in real time on social media. 'Look, Elon and I had a great relationship. I don't know if we will anymore,' Trump told reporters in the Oval Office after Musk slammed his tax and spending mega-bill as an 'abomination'. The world's richest man responded by live-tweeting on his X social media platform as Trump spoke on television, saying that the Republican would not have won the 2024 election without him and slamming him for 'ingratitude.' Where is the man who wrote these words? Was he replaced by a body double!? — Elon Musk (@elonmusk) June 5, 2025 In an extraordinary rant as visiting German Chancellor Friedrich Merz sat mutely beside him, 78-year-old Trump unloaded on SpaceX and Tesla boss Musk in his first comments on the issue. 'I'm very disappointed, because Elon knew the inner workings of this bill better than almost anybody sitting here... All of a sudden, he had a problem,' Trump said when asked about Musk. The clash comes less than a week since Trump held a grand Oval Office farewell for Musk as he wrapped up his time leading the cost-cutting Department of Government Efficiency (DOGE). South African-born Musk, 53, hit back minutes later, saying Trump's claims he had advance sight of the bill were 'false.' 'Whatever,' he added above a video of Trump saying Musk was upset about the loss of subsidies for electric vehicles. Whatever. Keep the EV/solar incentive cuts in the bill, even though no oil & gas subsidies are touched (very unfair!!), but ditch the MOUNTAIN of DISGUSTING PORK in the bill. In the entire history of civilization, there has never been legislation that both big and beautiful.… — Elon Musk (@elonmusk) June 5, 2025 Musk then ratcheted up the public spat even further, saying the Republican would have lost the election without his support. He was the biggest donor to Trump's campaign, to the tune of nearly $300 million. 'Without me, Trump would have lost the election,' Musk said on X. 'Such ingratitude.' Tesla shares fell sharply on Wall Street, down 8%, after his comments, in a sign of the huge stakes for a falling out between the world's richest man and its most powerful. 'A little make-up?' A wistful-sounding Trump took reporters through the break-up with Musk on live television, in what at times sounded more like a therapy session than a meeting with a foreign leader. Trump talked about Musk's farewell appearance in the Oval Office on Friday, when he turned up with a black eye that he said was caused by a punch from his son. Musk, at the time, was also facing reports of drug use on the Trump campaign trail. 'You saw a man who was very happy when he stood behind the Oval desk, and even with the black eye. I said, you want a little makeup? We'll get you a little makeup,' Trump said. 'But he said, 'No, I don't think so,' which is interesting and very nice. He wants to be who he is.' Trump said he could understand why Musk was upset with some of the steps he had taken, including withdrawing a nominee to lead the NASA space agency, which the tech tycoon had backed. Through it all, the visiting German chancellor sat silently. Merz had prepared to avoid a repeat of the ambushes that Trump unleashed on the Ukrainian and South African presidents in the Oval Office - but in the end it was Musk that the US president ambushed. At the center of the bitter row is Trump's 'big, beautiful bill' on tax and spending. The centrepiece of his domestic agenda, it aims to continue tax cuts from his first term - and could define his second term and make or break Republican prospects in the 2026 midterm elections. Musk, however, called it a 'disgusting abomination' on Tuesday on the grounds that it will increase the US deficit. A day later, the magnate called for Republicans to 'kill the bill,' and for an alternative plan that 'doesn't massively grow the deficit.'
Bloomberg
37 minutes ago
- Bloomberg
Bankruptcy Was Good for 23andMe
Sometimes a public company has a controlling shareholder who wants to take it private by buying out all of the other shareholders, and that's always messy. 1 The controlling shareholder will to some extent be negotiating with herself: She will want to buy the company for a low price, but the company's shareholders will want to get a high price, but she's the controlling shareholder and can vote for the low price. There are standard solutions to the problem, but they are only partial solutions: In the past few months, I have written a few times about 23andMe Holding Co. as an illustration of these problems. 23andMe is a publicly traded genetic testing company that was once worth about $6 billion, but it has now fallen on hard times. Its founder, Anne Wojcicki, owns about 49% of the voting power of the stock, making her effectively a controlling shareholder. She offered to buy all the stock she didn't own, to take the company private and fix its problems 'outside of the short term pressures of the public markets.' But the board of directors, whose job was to find an 'actionable proposal that is in the best interests of the non-affiliated shareholders,' didn't think her offer was good enough.
New York Times
37 minutes ago
- New York Times
Live Updates: Trump-Musk Alliance Dissolves as They Hurl Personal Attacks
Pinned President Trump and Elon Musk's alliance dissolved into open acrimony on Thursday, as the two men hurled personal attacks at each other after the billionaire had unleashed broadsides against the president's signature domestic policy bill. While meeting with Friedrich Merz, Germany's new chancellor, in the Oval Office, Mr. Trump broke days of uncharacteristic silence and unloaded on Mr. Musk, who until last week was a top presidential adviser. 'I'm very disappointed in Elon,' Mr. Trump said. 'I've helped Elon a lot.' As the president criticized Mr. Musk, the billionaire responded in real time on X, the social media platform he owns. 'Without me, Trump would have lost the election, Dems would control the House and the Republicans would be 51-49 in the Senate,' Mr. Musk wrote. 'Such ingratitude,' he added, taking credit for Mr. Trump's election in a way that he never has before. Mr. Musk had been careful in recent days to train his ire on Republicans in Congress, not Mr. Trump himself. But he discarded that caution on Thursday, ridiculing the president in a pattern familiar to the many previous Trump advisers who have fallen by the wayside. What started as simply a fight over the domestic policy bill sharply escalated in just a few hours. Within minutes of one another, Mr. Trump was making fun of Mr. Musk's unwillingness to wear makeup to cover a recent black eye, and Mr. Musk was raising questions about Mr. Trump's competency as president. The public break comes after a remarkable partnership between the two men. Mr. Musk deployed hundreds of millions of dollars to support Mr. Trump's 2024 presidential campaign. After Mr. Trump won, he gave Mr. Musk free rein to slash the federal work force. And just last week, Mr. Trump gave Mr. Musk a personal send-off in the Oval Office. The president praised Mr. Musk as 'one of the greatest business leaders and innovators the world has ever produced' and gave him a golden key emblazoned with the White House insignia. Mr. Musk promised to remain a 'friend and adviser to the president.' But now Mr. Musk, who has left his temporary role, has turned into the most prominent critic of a top presidential priority. Mr. Musk has lashed out against the far-reaching policy bill in numerous posts on X. He has called it a 'disgusting abomination,' argued that the bill would undo all the work he did to cut government spending and hinted that he would target Republican members of Congress who backed the legislation in next year's midterm elections. Mr. Trump on Thursday said Mr. Musk's criticism of the bill was entirely self-interested, saying he only opposed the legislation after Republicans took out the electric vehicle mandate, which would benefit Tesla, Mr. Musk's electric vehicle company. (Mr. Musk has previously called for an end to those subsidies.) The president also downplayed Mr. Musk's financial support for him during the campaign, arguing he would have won Pennsylvania without Mr. Musk, who poured much of his money and time into the critical battleground state. Mr. Musk also on Thursday rebutted Mr. Trump's statement that Mr. Musk 'knew the inner workings of the bill better than anybody sitting here.' 'False, this bill was never shown to me even once and was passed in the dead of night so fast that almost no one in Congress could even read it!' Mr. Musk wrote, sharing a video of Mr. Trump saying he was disappointed in Mr. Musk.
