Reitar Logtech Holdings Limited (NASDAQ: RITR) said on Wednesday it has authorized a $3 million share buyback program covering its Class A ordinary shares.
The program, funded from existing cash balances, allows the company to repurchase shares through open market transactions, privately negotiated deals, block trades, or other legally permissible methods under U.S. securities rules, including Rule 10b-18 and Rule 10b5-1. Management will determine the timing and volume of repurchases based on prevailing market conditions, available liquidity, cash requirements, and regulatory constraints.
The buyback program does not obligate the company to acquire any specific number of shares and may be suspended, modified, or terminated at any time without prior notice. The company, which listed on Nasdaq in 2024, provides integrated industrial solutions with a focus on property and logistics technology across Asia.
