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

Company: Heritage Global Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 10
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 of those operating results to be expected for any subsequent interim period or for the entire year ending December 31, 2025. The accompanying condensed consolidated balance sheet as of December 31, 2024 has been derived from the audited consolidated balance sheet as of December 31, 2024, contained in the Company’s Form 10-K.  Repurchase ProgramThe Company’s 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 the Company's Board of Directors approved an amendment to the Repurchase Program which increased the authorized aggregate amount of common shares the Company may repurchase to an aggregate of $6.0 million in common shares. The Company repurchased 490,651 shares in the open market for a purchase price of approximately $1.0 million during the three months ended March 31, 2025. 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.