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Verra Mobility Authorizes $100M Stock Repurchase Program

Benzinga·05/19/2025 20:29:51
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On May 17, 2025, the Board of Directors of Verra Mobility Corporation (the "Company") authorized a stock repurchase program to repurchase up to $100 million of its outstanding shares of Class A common stock, par value $0.0001 per share (the "Common Stock"). Under the repurchase program, the Company may purchase shares of Common Stock from time to time until November 13, 2026 through open market purchases, in privately negotiated transactions or by other means, including through trading plans intended to qualify under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, and accelerated share repurchase agreements, each as permitted under applicable rules and regulations. The amount and timing of repurchases will be determined at the Company's discretion and will depend on a variety of factors, including price, general business and market conditions, applicable legal requirements, and alternative investment opportunities.