ATRenew Extends Existing Stock Buyback Program

ATRenew Extends Existing Stock Buyback Program
  • ATRenew Inc RERE board of directors has authorized an extension of the existing share repurchase program for another twelve months from December 28, 2022.
  • The company's board of directors adopted the existing share repurchase program on December 28, 2021, to buyback $100 million shares.
  • As of December 9, 2022, the company has repurchased $33 million of its shares.
  • The company may now continue repurchasing up to $67 million of its shares until the extended share repurchase program expires.
  • ATRenew held $375.7 million in cash and equivalents as of September 30, 2022.
  • Price Action: RERE shares are trading higher by 12.03% at $2.54 on the last check Friday.
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