SRX Global authorizes $20 million share buyback through July 9, 2027

The board approved repurchases of up to 10 million common shares, with a $20 million authorization funded from cash on hand; a newer report described the company as Streamex and cited a 12-month window and $2 per-share cap.

Summary

SRX Global Inc. said its board approved a share repurchase program authorizing up to $20 million of buybacks covering as many as 10 million common shares, or up to 50% of shares outstanding, funded from cash on hand and running until July 9, 2027. A newer report on the same announcement referred to the company as Streamex, described it as a Nasdaq-listed RWA and stablecoin company, and said repurchases could occur over the next 12 months at up to $2 per share.

Terms & Concepts
  • share repurchase program: A company authorization to buy back its own stock.
  • Rule 10b5-1 trading plan: A prearranged plan that allows stock trades under specified conditions.
  • RWA: Real-world assets tokenized on-chain.