Usio, Inc (USIO) Increases and Extends Share Buyback

Usio, Inc: (Nasdaq: USIO), a leading FinTech company that operates a full stack of integrated, cloud-based electronic payment and embedded financial solutions, today announced that its Board of Directors has authorized to renew the Company’s Share Repurchase Program for an additional 3 years or until funds are depleted, with an aggregate total purchase limit of $4,000,000. The original May 15, 2025 expiration date has been extended to May 15, 2028.

“Usio has utilized virtually all of the original $4 Million the Board of Directors authorized to buyback shares in May 2022, including the repurchase of $1.5 million in stock in 2024. The management team and Board of Directors remain highly confident in the Company’s intrinsic value, and believe the new, Usio ONE initiative will prove a catalyst to unlocking the Company’s significant inherent value,” stated Louis Hoch, President and CEO of Usio. “Having generated positive cash flow over the past several years, and expecting to do so again this year, repurchasing our shares represents another means to create value for our shareholders.”

The timing and the amount of any repurchases of common stock will be determined by Usio’s management based on the market price of Usio common stock, evaluation of market and economic conditions and other factors. Repurchases of common stock may also be made under a Rule 10b5-1 plan, which would permit common stock to be repurchased when the Company might otherwise be precluded from doing so under insider trading laws. The repurchase program may be suspended or discontinued at any time.

As of December 31, 2024, the Company had unrestricted cash of approximately $8.1 million.

The Company had approximately 26.5 million shares of common stock outstanding as of March 24, 2025.

Repurchases may be made in open market purchases, block trades or in privately negotiated transactions. Repurchases, if any, under the program will be made at the discretion of management, and will depend upon market pricing and conditions, business, legal, accounting and other considerations. Open market purchases will be conducted in accordance with the limitations of Rule 10b-18 of the Securities and Exchange Commission (the “SEC”). Repurchases may be made pursuant to any trading plan that may be adopted in accordance with SEC Rule 10b5-1, which would permit common stock to be repurchased when the Company might otherwise be precluded from doing so under insider trading laws. Under applicable law, repurchased shares will be cancelled and revert to the status of authorized but unissued shares.

The repurchase program may be modified, suspended or terminated at any time without notice, in the Company’s discretion, based upon a number of factors, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, the need for capital in the Company’s operations and other factors deemed appropriate. These factors may also affect the timing and amount of share repurchases. The repurchase program does not obligate the Company to repurchase any shares.

You May Also Be Interested In