Company: HGBL
Filing Date: 2025-03-13
Form Type: 10-K
Source: 0000950170-25-038691
Chunk: 78

Company: Heritage Global Inc.
Filing Date: 2025-03-13
Form: 10-K
Item: Item 1B
Chunk 78
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 1933, as amended.

Issuer Purchases of Equity Securities.

During the three months ended December 31, 2024, repurchases of the Company's common stock were as follows:

    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]

    October 1 through October 31, 2024

    271,220

    $
    1.70

    1,268,844

    $
    3,686,720

    November 1 through November 30, 2024

    179,552

    $
    1.67

    1,448,396

    $
    3,386,594

    December 1 through December 31, 2024

    214,187

    $
    1.77

    1,662,583

    $
    3,007,858

    [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’s common stock the Company may repurchase from $4.0 million to $6.0 million and (ii) extend the term of the Repurchase Program from May 4, 2025 to June 30, 2025. This column reflects the approximate dollar value of shares of our common stock that are available for purchase under the Repurchase Program, as amended.

Item 6. [Reserved].

15

Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

The following discussion and analysis should be read in conjunction with our consolidated