Dividends & Buybacks ·
SunCar authorizes $10M share repurchase program to run for next three months
SDASunCar Technology Group Inc.
The board of directors has authorized a share repurchase program allowing the company to buy back up to $10 million of its outstanding Class A ordinary shares. The program is expected to last for the next three months and will be funded through cash on hand and operating cash flows. Purchases may occur via open market or privately negotiated transactions in accordance with Rule 10b-18. SunCar Technology Group operates cloud-based platforms connecting drivers with auto insurance and services in China.