The Wet Seal, Inc. Announces $25 Million Stock Repurchase Program

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

The Wet Seal, Inc. (Nasdaq: WTSLA) today announced that its Board of Directors has authorized a program to repurchase up to $25 million of the Company’s Class A common stock from time to time in the open market or in privately negotiated transactions. The timing and amount of any shares repurchased will be determined by the Company's management based on its evaluation of market conditions and other factors. The repurchase program may be suspended or discontinued at any time. Based on the Company’s closing share price on September 7, 2010, the $25 million stock repurchase program represents approximately 7.7% of the Company's total market capitalization. The repurchase program will be funded using existing cash on hand. As of July 31, 2010, the Company had cash and cash equivalents of $165.5 million.

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!