Sportsman's Warehouse Adopts $75M Stock Buyback Program

by Shivani Kumaresan, Benzinga Staff Writer

March 24, 2022 2:29 PM | 1 min read | Make a Comment

Sportsman’s Warehouse Holdings Inc SPWH Board of Directors authorized a share repurchase program of up to $75.0 million of common shares.
The repurchase program will begin on March 31, 2022, and will terminate on the first anniversary of the commencement date.
The company intends to fund repurchase using cash on hand or available borrowings under its revolving credit facility.
As of December 8, 2021, the company had approximately $57.5 million of cash on hand due to the $55.0 million payment received in conjunction with the termination of the merger agreement with Great Outdoors Group, Inc.
Price Action: SPWH shares are trading higher by 3.15% at $11.62 on the last check Thursday.

Posted In: News Buybacks Small Cap Briefs

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