Latest news with #Rule10b5-1
Associated Press
12 hours ago
- Business
- Associated Press
Mobile-health Network Solutions Announces Share Repurchase Program of up to 214,000 Shares
Singapore, Singapore--(Newsfile Corp. - June 5, 2025) - Mobile-health Network Solutions (NASDAQ: MNDR) ('MNDR' or 'the Company'), a leading MedTech innovator ranked among Asia-Pacific's high-growth companies, today announced that its Board of Directors approved a share repurchase program with authorization to purchase up to 214,000 Class A Ordinary Shares ('Share Repurchase Program'). This Share Repurchase Program will be effective immediately for up to one year from today. 'This share repurchase program reflects the Board's confidence in our long-term growth prospects,' said Dr Siaw Tung Yeng, Co-CEO. 'We believe our current share price does not reflect the intrinsic value of our business or the strength of our fundamentals. We view this buyback as a compelling use of capital at current share prices.' Repurchases under the program may be made from time to time in open market transactions, in privately negotiated transactions, through block trades, or through other legally permissible means, including Rule 10b5-1 trading plans, in accordance with applicable U.S. securities laws. The timing and actual number of shares repurchased will depend on a variety of factors, including price, market conditions, and corporate and regulatory requirements. The share repurchase program does not obligate the Company to repurchase any specific number of shares and may be modified, suspended, or terminated at any time at the Company's discretion. About Mobile-health Network Solutions Ranked #41 in the Financial Times 2024 listing of 500 High-growth Asia-Pacific Companies, we are the first telehealth provider from the Asia-Pacific region to be listed in the US. Through our platform, we offer personalized and reliable medical attention to users worldwide. Our platform allows our community of healthcare providers to have broader reach to users through virtual clinics without any start-up costs and the ability to connect to a global network of peer-to-peer support groups and partners. Our range of seamless and hassle-free telehealth solutions includes teleconsultation services, prescription fulfillment and other personalized services such as weight management programs and gender-specific care. For more information, please visit our website. FORWARD-LOOKING STATEMENTS Certain statements contained in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words 'anticipate,' 'believe,' 'continue,' 'could,' 'estimate,' 'expect,' 'intend,' 'may,' 'plan,' 'potential,' 'predict,' 'project,' 'should,' 'target,' 'will,' 'would' and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's ability to execute our strategies, manage growth and maintain our corporate culture; the Company's future business development, financial conditions and results of operations; expectations regarding demand for and market acceptance of our products and services; changes in technology; economic conditions; the growth of the telehealth solutions industry in Singapore and the other international markets the Company plans to serve; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in Singapore and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Any forward-looking statements contained in this press release speak only as of the date hereof, and Mobile-health Network Solutions specifically disclaims any obligation to update any forward-looking statement, whether because of new information, future events or otherwise, except as required by law. For media inquiries, please contact: Mobile-health Network Solutions Investor Relations Contact: 2 Venture Drive, #07-06/07 Vision Exchange Singapore 608526 (+65) 6222 5223 Email: [email protected] Investor Relations Inquiries: Skyline Corporate Communications Group, LLC Scott Powell, President 1177 Avenue of the Americas, 5 th Floor New York, New York 10036 Office: (646) 893-5835 Email: [email protected] To view the source version of this press release, please visit
Yahoo
a day ago
- Business
- Yahoo
Cathay General Bancorp Adopts New Share Repurchase Program
LOS ANGELES, June 05, 2025--(BUSINESS WIRE)--Cathay General Bancorp (the "Company", Nasdaq: CATY), the holding company for Cathay Bank, announced that its Board of Directors has adopted a new share repurchase program authorizing the Company to repurchase up to $150,000,000 of the Company's common stock. The previous $125,000,000 share repurchase program announced on May 28, 2024, was completed on February 28, 2025, with the repurchase of 2,905,487 shares at an average cost of $43.02. The share repurchases may be made from time to time on the open market or in privately negotiated transactions. The timing, price and volume of the share repurchases will be determined by the Company's management based on its evaluation of market conditions, relevant securities laws and other factors. Repurchases may also be made under a Rule 10b5-1 plan, which if adopted would allow stock repurchases when the Company might otherwise be precluded from doing so under insider trading laws. The share repurchase program may be suspended, terminated or modified at any time for any reason, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, and other factors deemed appropriate. These factors may also affect the timing and amount of share repurchases. As of the date of this release, the Company has approximately 70,133,321 shares of common stock outstanding. ABOUT CATHAY GENERAL BANCORP Cathay General Bancorp is a publicly traded company (Nasdaq: CATY) and is the holding company for Cathay Bank, a state-chartered bank. Cathay General Bancorp's website is at Founded in 1962, Cathay Bank offers a wide range of financial services and currently operates over 60 branches across the nation in California, New York, Washington, Texas, Illinois, Massachusetts, Maryland, Nevada, and New Jersey. Overseas, it has a branch in Hong Kong, and a representative office in Beijing, Shanghai, and Taipei. To learn more about Cathay Bank, please visit View source version on Contacts Heng W. Chen(626) 279-3652 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Nvidia CEO Plans to Offload $800 Million in Stock -- Time to Follow?
June 4 - Nvidia (NASDAQ:NVDA) CEO Jensen Huang plans to sell up to 6 million shares, worth roughly $810 million, by the end of 2025, according to a regulatory filing made under a pre-arranged Rule 10b5-1 trading plan. The move isn't sudden or unusual. Huang's sale was set up in March and is part of a scheduled program that allows executives to sell stock without violating insider trading rules. These sales occur at predetermined times, regardless of market conditions or company performance. Warning! GuruFocus has detected 4 Warning Signs with NVDA. Huang, who still owns over 922 million shares, more than 3.7% of Nvidia, remains one of the chip giant's biggest shareholders. The sale amounts to less than 1% of his stake and appears to be more about locking in gains than losing faith. Nvidia stock has skyrocketed 1,400% over the past five years, and Huang has played a central role in that run. He recently described the company as being off to the races in its next phase of AI-driven growth. Based on the one year price targets offered by 51 analysts, the average target price for NVIDIA Corp is $174.45 with a high estimate of $372.87 and a low estimate of $100.00. The average target implies a upside of +23.53% from the current price of $141.22. Based on GuruFocus estimates, the estimated GF Value for NVIDIA Corp in one year is $273.32, suggesting a upside of +93.54% from the current price of $141.22. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. For deeper insights, visit the Forecast page. This article first appeared on GuruFocus.
Yahoo
2 days ago
- Business
- Yahoo
Nvidia CEO Plans to Offload $800 Million in Stock -- Time to Follow?
June 4 - Nvidia (NASDAQ:NVDA) CEO Jensen Huang plans to sell up to 6 million shares, worth roughly $810 million, by the end of 2025, according to a regulatory filing made under a pre-arranged Rule 10b5-1 trading plan. The move isn't sudden or unusual. Huang's sale was set up in March and is part of a scheduled program that allows executives to sell stock without violating insider trading rules. These sales occur at predetermined times, regardless of market conditions or company performance. Warning! GuruFocus has detected 4 Warning Signs with NVDA. Huang, who still owns over 922 million shares, more than 3.7% of Nvidia, remains one of the chip giant's biggest shareholders. The sale amounts to less than 1% of his stake and appears to be more about locking in gains than losing faith. Nvidia stock has skyrocketed 1,400% over the past five years, and Huang has played a central role in that run. He recently described the company as being off to the races in its next phase of AI-driven growth. Based on the one year price targets offered by 51 analysts, the average target price for NVIDIA Corp is $174.45 with a high estimate of $372.87 and a low estimate of $100.00. The average target implies a upside of +23.53% from the current price of $141.22. Based on GuruFocus estimates, the estimated GF Value for NVIDIA Corp in one year is $273.32, suggesting a upside of +93.54% from the current price of $141.22. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. For deeper insights, visit the Forecast page. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
3 days ago
- Business
- Yahoo
Ribbon Announces $50 Million Share Repurchase Program
PLANO, Texas, June 3, 2025 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a leading supplier of real-time communications technology and IP optical networking solutions, announced that its Board of Directors has authorized a program to repurchase up to $50 million of the Company's common stock, commencing June 5, 2025 and continuing through December 31, 2027. "Today's announcement of our new share repurchase program reflects the Board of Director's confidence in our strategic plan and the significant improvement in our performance, highlighted by the record financial results in the fourth quarter 2024. Business with US Tier One Service Providers doubled in 2024 underpinned by a multi-year contract with Verizon to support modernizing their telecom voice infrastructure along with projects with other carriers. At the same time, business with Enterprise customers and U.S. Federal agencies has grown significantly. Overall, earnings increased by 30% in 2024 and were at the high end of our original guidance for the year," said Bruce McClelland, President and CEO of Ribbon Communications. "The visibility in our business has improved significantly with positive book-to-bill and growing backlog, and we are focused on driving profitable growth and strong cash flow generation. This share repurchase program exemplifies our commitment to deliver value to our stockholders." Ribbon Communications may purchase shares at management's discretion in the open market, in privately negotiated transactions, in transactions structured through investment banking institutions, or a combination of the foregoing. The Company may also, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases of its shares under this authorization. The amount and timing of repurchases are subject to a variety of factors including liquidity, cash flow, stock price, compliance with the Company's credit facility and general business and market conditions. The program may be modified, increased, suspended, or discontinued at any time. The share repurchase program will be funded with cash on hand or cash generated from operations. About RibbonRibbon Communications (Nasdaq: RBBN) delivers secure cloud communications and IP and optical networking solutions to service providers, enterprises and critical infrastructure sectors globally. We engage deeply with our customers, helping them modernize their networks for improved competitive positioning and business outcomes in today's smart, always-on and data-hungry world. Our end-to-end portfolio of communications software and IP Optical networking solutions delivers superior value and innovation by leveraging cloud-native architectures, automation and analytics tools, and leading-edge security. We maintain a keen focus on our commitments to Environmental, Social, and Governance (ESG) matters, offering an annual Sustainability Report to our stakeholders. To learn more about Ribbon, please visit Important Information Regarding Forward-Looking Statements The information in this release contains forward-looking statements regarding future events, including potential share repurchases, that involve risks and uncertainties. All statements other than statements of historical facts contained in this release, including those regarding the expected share repurchases and the timing and benefits of the same, are forward-looking statements. The actual results of Ribbon Communications may differ materially from those contemplated by the forward-looking statements. For further information regarding risks and uncertainties associated with Ribbon Communications' business, please refer to the "Risk Factors" section of Ribbon Communications' most recent annual or quarterly report filed with the SEC. Any forward-looking statements represent Ribbon Communications' views only as of the date on which such statement is made and should not be relied upon as representing Ribbon Communications' views as of any subsequent date. While Ribbon Communications may elect to update forward-looking statements at some point, Ribbon Communications specifically disclaims any obligation to do so. Investor Contact+1 (978) 614-8050ir@ Media ContactCatherine Berthier+1 (646) 741-1974cberthier@ View original content to download multimedia: SOURCE Ribbon Communications Inc. Sign in to access your portfolio
