FX.co ★ EGain Board Approves Increase Of Stock Repurchase Program By $20 Mln

On Friday, eGain Corp. (EGAN) announced that its Board has approved an additional $20 million for its stock repurchase program, effectively doubling the total amount from $20 million to $40 million.

As of May 23, 2024, eGain has already bought back approximately $19.3 million worth of its common stock under the repurchase program.

The company stated that it plans to repurchase shares of common stock at its discretion, either through open market transactions or private negotiations, at prices it finds appropriate. The purchases will be financed using current cash reserves or future cash flows.