The board of directors at 3D imaging device developer Imaging3 has approved the repurchase of up to 5% of the company's common stock, effective immediately, according to the firm.
The shares will be purchased from time to time at prevailing market prices, through open market or unsolicited negotiated transactions, depending upon market conditions, Imaging3 said.
There is no guarantee as to the exact number of shares that the company will repurchase, and Imaging3 may discontinue purchases at any time, the firm said. The repurchase program is expected to continue over the next 12 months unless extended or shortened by the company's board.
