Skillz (SKLZ) Announces $65M Share Buyback, Explores Debt Repurchases
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Skillz Board of Directors Authorizes $65 Million Share Repurchase Program and Exploration of Debt Repurchases
August 21, 2023 9:00 AM EDTLAS VEGAS--(BUSINESS WIRE)-- Skillz Inc. (NYSE: SKLZ) (Skillz or the Company), the leading mobile games platform bringing fair competition to players worldwide, today announced that its Board of Directors has approved a share repurchase program, pursuant to which the Company is authorized to purchase up to $65 million of its Class A common stock. The Board also authorized management to explore options to repurchase up to $65 million of the Companys outstanding 10.25% Senior Secured Notes due 2026 (the Notes).
Repurchases under the share repurchase program and the debt repurchase authorization may be made at managements... More
