Company: BKTI
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001437749-25-016253
Chunk: 57

Company: BK Technologies Corp
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 3
Chunk 57
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 also adversely impact our customers, our suppliers and the world and U.S. economies, including instability in the financial and capital markets, including bond markets, and the potential for a recession in the U.S. or globally, which in turn could have a material adverse effect on our business, operating results and financial condition.

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Item 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

Share Repurchase Program

On December 21, 2021, the Company announced that the Board authorized a share repurchase program which permits the Company to purchase up to an aggregate of $5 million of its common shares. The program does not have an expiration date. Any repurchases would be funded using cash on hand and cash from operations. The actual timing, manner, and number of shares repurchased under the program will be determined by management and the Board at their discretion and will depend on several factors, including the market price of the Company’s common shares, general market and economic conditions, alternative investment opportunities, and other business considerations in accordance with applicable securities laws and exchange rules. The authorization of the share repurchase program does not require BK Technologies to acquire any particular number of shares and repurchases may be suspended or terminated at any time at the Company’s discretion. The following table provides information about purchases made by us of our common stock for each month included in the first quarter of 2025:

      ISSUER PURCHASES OF EQUITY SECURITIES 

      Total Number of Shares 

      Approximate Dollar Value 

      Purchased as Part of 

      of Shares that May Still be 

      Total Number of 

      Average Price 

      Publicly Announced 

      Purchased Under the 

      Period 
      
      Shares Purchased 

      Paid Per Share 

      Plans or Programs 

      Plans or Programs 

      January 1–31, 2025 

     —

     —

     —

     $
     5,000,000

      February 1–28, 2025 

     —

     —

     —

     $
     5,000,000

      March 1–31, 2025 

     —

     —

     —

     $
     5,000,000

      Quarter Ended March 31, 2025 

     —

     $
     —

     —

     $
     5,000,000

   Item 5. OTHER INFORMATION
    
   During the quarter ended  March 31, 2025