Airgain (AIRG) Announces Extension of Share Repurchase Program

Airgain, Inc. (Nasdaq: AIRG), a leading provider of advanced antenna technologies used to enable high performance wireless networking across a broad range of devices and markets, including consumer, enterprise, and automotive, today announced that its Board of Directors approved an extension to its existing share repurchase program for an additional twelve month period ending September 9, 2021.

Airgain launched the program September 9, 2019, and has repurchased approximately $1.6 million of shares of its common stock under the program. With this extension, Airgain remains authorized to repurchase up to approximately $5.4 million of shares of its common stock through September 9, 2021.

Repurchases under the share repurchase program may be made from time-to-time in open market and negotiated purchases. Airgain had approximately 9.7 million shares outstanding as of June 30, 2020.

These repurchases will be made in compliance with the SEC’s Rule 10b-18, subject to market conditions, available liquidity, cash flow, applicable legal requirements and other factors. This program does not obligate Airgain to acquire any particular amount of common stock and the program may be suspended or discontinued at any time. Airgain expects to finance the purchases with existing cash balances.

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