Ispire Technology Board Approves $10 Million Stock Repurchase Plan

Jan.27

Ispire Technology board approves $10 million stock buyback plan, boosting ISPR shares by 4.5% in premarket trading.

According to a report by Seeking Alpha on January 22, the board of directors of Ispire Technology (stock code: ISPR) has approved a stock buyback plan. Under the plan, the company will repurchase up to $10 million worth of common stock over the next 24 months. Following the announcement, ISPR stock price rose 4.5% in pre-market trading on Wednesday.

In the current capital market environment, stock buybacks can decrease the number of outstanding shares, boost earnings per share, and potentially lift the company's stock price.

Share buybacks are often seen as a capital allocation strategy for companies, helping to optimize shareholder returns. This important decision by Ispire Technology reveals the management's operating outlook and financial planning for the next two years.

References:

[1] Ispire Technology approves $10M share buyback program

Also Read:

[1] Ispire Launches VLT CBD Pod System to Reduce Environmental Impact of Disposable Products

[2] Ispire, IKE Tech Meet FDA on Age Verification Tech to Advance Flavored Vape Approvals

[3] Ispire Reports Q1 FY2025 Loss as US Market Sales Drop by $8.1 Million

[4] Ispire Signs Five-Year Distribution Agreement with ANDS in MENA

[5] Ispire Technology Inc. Reports Strong Financial Performance for 2024

[6] Ispire Announces Global Licensing Agreement with Hidden Hills Club

#Law enforcement #North America #Technology.#Market.

We welcome news tips, article submissions, interview requests, or comments on this piece.

Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn

Notice

1. This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.

2. The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.

3. This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.

4. Access to this article is strictly prohibited for individuals below the legal age in their jurisdiction.

Copyright

This article is either an original work created by 2Firsts or a reproduction from third-party sources with proper attribution. All copyrights and usage rights belong to 2Firsts or the original content provider. Unauthorized reproduction, distribution, or any other form of unauthorized use by any individual or organization is strictly prohibited. Violators will be held legally accountable.

For copyright-related inquiries, please contact: info@2firsts.com

AI Assistance Disclaimer

This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.

We welcome any corrections or feedback. Please contact us at: info@2firsts.com

JUUL wins approval after FDA reversal of Marketing Denial Order

JUUL's regulatory journey from Marketing Denial Order to approval showcases FDA's evolving approach to e-cigarette oversight.

Nov.03 by 2FIRSTS.ai

U.S. Chicago CBP Seizes $358,000 Worth of Illegal Vapes

U.S. Customs and Border Protection (CBP) officers in Chicago seized 43,200 illicit vaping products valued at over $358,000 for violating the Federal Food, Drug, and Cosmetic Act. The shipment originated from China and was destined for Mississippi.

Nov.07 by 2FIRSTS.ai

2Firsts Monitor | FOGER website flags customs & tariff delays; some products out of stock

2Firsts observed on FOGER’s online retail site “FOGER VAPES” that the platform indicates restocking delays due to customs and tariff factors. Several items show limited availability or “sold out” status, with a restock alert feature offered. A previous article on the site also referenced potential tariff changes that may affect pricing.

Nov.05

Over 179,000 E-Cigarettes Destroyed in Samut Prakan as Thai Government Tightens Enforcement

Thailand’s Office of the Prime Minister, led by Minister Santi Piyatat, has destroyed nearly 179,000 confiscated e-cigarettes and accessories worth 33 million baht (approx. USD 1,020,000) as part of the government’s ongoing campaign for a “Vape-Free Thai Society.”Officials said the action demonstrates Thailand’s strict enforcement of anti-vaping laws and its commitment to protecting youth and public health.