Company: HGBL
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000950170-25-066888
Chunk: 2

Company: Heritage Global Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1A
Chunk 2
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As a Smaller Reporting Company, we are not required to provide the information required by this item.  

Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds.

The Company repurchased 490,651 shares in the open market during the three months ended March 31, 2025 pursuant to the Repurchase Program. As of March 31, 2025, the Company had approximately $2.0 million in remaining aggregate dollar value of shares that may be purchased under the Repurchase Program. The following table presents the number and average price of shares purchased in each fiscal month during the three months ended March 31, 2025:

     Period
      
     (a) Total Number of Shares Purchased [1]

     (b) Average Price Paid per Share [2]

     (c) Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs

     (d) Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs [3]

     January 1 through January 31, 2025

     251,139

     $
     2.07

     251,139

     $
     2,487,159

     February 1 through February 28, 2025

     97,165

     2.18

     97,165

     2,275,545

     March 1 through March 31, 2025

     142,347

     2.17

     142,347

     1,965,970

     Total

     490,651

     $
     2.12

     490,651

     $
     1,965,970

     [1] No shares of our common stock were purchased other than through a publicly announced plan or program.

     [2] Amounts in this column reflect weighted average price paid per share, which includes commissions and other expenses associated with the repurchases.

     [3] Our Board of Directors authorized a share repurchase program on May 5, 2022 (“Repurchase Program”), which permits the Company to purchase up to an aggregate of $4.0 million in common shares over a three year period ending in June 2025. On September 13, 2024, our Board of Directors approved an amendment to the Company’s existing share repurchase program to (i) increase the authorized aggregate amounts of shares of the Company