uCloudlink launches US$ 2 million share buyback program through Dec. 31, 2027
UCL•Funding and share use
Funding is expected to come from existing cash. Shares repurchased may be earmarked for the employee equity incentive pool or canceled.
How the buybacks may be carried out
Buybacks may be executed in the open market, block trades, or other legally permissible methods, subject to SEC trading rules.
Share repurchase program authorized
uCloudlink launched a share repurchase program of up to USD 2 million of its Class A ordinary shares.
Authorization runs through the close of business Dec. 31, 2027, U.S. Eastern Time.
