Buyback Announcements and News

6/20/2025

Tandy Leather Factory repurchases 431K shares in private transaction with former executive Janet Carr - 8-K ($3.01, 0.00)

• On 17-Jun-25, Tandy Leather Factory entered into an agreement with Janet Carr, a shareholder and former executive of the company, to repurchase 430,897 shares of the company's common stock, par value $0.0024 in a private transaction. The purchase price was $3.00 per Share and $1.3M in total. The closing of the repurchase of the Securities is expected to take place on or before 30-Jun-25. Prior to the repurchase, the Shares represented ~5.1% of the company's outstanding common stock.

6/20/2025

Insider transaction: Cencora EVP Silvana Battaglia discloses sale of 4.1K shares - Form 4 ($293.66, 0.00)

• Battaglia beneficially owns 11.3K shares of common stock following the transaction.

6/20/2025

Insider transaction: Marriott Vacations Worldwide holder Christian Asmar (Impactive Capital) discloses purchase of 750K shares - Form 4 ($68.37, 0.00)

• Asmar beneficially owns 4.05M (indirect) shares of common stock through Impactive Capital following the transaction.

6/20/2025

Ascent Industries adopts amended 10b5-1 plan to purchase up to 350K shares - 8-K ($12.09, 0.00)

• On 18-Jun-25, Ascent Industries adopted a written trading plan under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended; the trading plan will include purchases up to the total amount of 350,000 shares executed daily based on specified price targets. This written trading plan will take effect on 20-Jun-25 and will cease on 5-Aug-25.

6/20/2025

Royalty Management Holding provides update to share repurchase program ($1.20, +0.03)

• Year-to-date, the board-approved share repurchase program has resulted in 60,000 shares of the company's common stock being purchased, bringing the total common stock repurchased under this program from its implementation in late 2024 to 91,177 shares

6/20/2025

FinVolution Group prices offering of $130M convertible senior notes; announces plan to repurchase 6.4M ADSs ($9.51, 0.00)

• FinVolution Group announced the pricing of its previously announced offering of convertible senior notes in an aggregate principal amount of $130M due 2030.
  • The company has granted the initial purchasers in the Notes offering an option to purchase up to an additional $20M in aggregate principal amount of the Notes, exercisable for settlement within a 13-day period beginning on, and including, the date on which the Notes are first issued.
  • Holders may convert their Notes at their option at any time prior to the close of business on the third scheduled trading day immediately preceding the maturity date.
  • Upon conversion, the company will pay or deliver, as the case may be, cash, ADSs, each representing five Class A ordinary shares of the company, or a combination of cash and ADSs, at the company's election.
  • The initial conversion rate of the Notes is 80.8865 ADSs per $1,000 principal amount of the Notes, which is equivalent to an initial conversion price of approximately $12.36 per ADS and represents an ~30.0% conversion premium over the closing price of the company's ADSs on the NYSE on 18-Jun-25, which was $9.51 per ADS.
• The company expects to close the Notes offering on or about 24-Jun-25, subject to the satisfaction of customary closing conditions.
• Concurrent Repurchase
  • Concurrently with the pricing of the Notes offering, the company plans to repurchase 6.4M ADSs from certain purchasers of the Notes in off-market privately negotiated transactions effected through one of the initial purchasers or its affiliates, as the company's agent, at a price per ADS equal to $9.51, the last reported sale price per ADS on the NYSE on 18-Jun-25.

6/20/2025

Solitario Resources completes $4.5M Private Placement ($0.63, 0.00)

• Solitario Resources Corp. announces that it has entered into non-brokered agreements with two investors for the purchase and sale of a total of 7.1M shares of Company common stock, at a price of $0.63 per share for total gross proceeds of $4.5M.
  • One of the investors is Newmont Overseas Exploration Ltd., a wholly-owned subsidiary of Newmont Corporation.
    • Newmont is an existing Solitario shareholder having made prior strategic investments in Solitario, including its August 2023 investment.
  • The second investor is Wexford Capital Partners, a private investment firm.
• Newmont Financing
  • Newmont purchased 1.6M shares of the company's common stock at a price of $0.63 per share through a stock purchase agreement between the company and Newmont.
  • With this new ~$1.0M investment, Newmont now holds a total of 8.5M shares of the company, or a 9.40% interest.
• Wexford Financing
  • As part of the offering, Wexford purchased 5.6M shares of common stock of the company through a stock purchase agreement at a price of $0.63 per share for proceeds of $3.5M to Solitario.
  • Wexford now holds approximately a 6.2% interest in Solitario.

6/20/2025

Stratus Properties amends Holden Hills Phase I/II partnership agreements; approves increased share repurchase program up to $25M - 8-K ($18.42, 0.00)

• Holden Hills Phase 2 Partnership
  • On 13-Jun-25, Holden Hills Phase 2 GP, L.L.C., a Texas limited liability company, as the general partner (Phase 2 General Partner), Stratus Properties Operating Co., L.P., a Delaware limited partnership, as the sole Class A limited partner (Class A Limited Partner), both wholly-owned subsidiaries of Stratus Properties Inc. (Stratus), and SWPD Investments, LLC, an unrelated equity investor, as the sole Class B limited partner (Class B Limited Partner) entered into a limited partnership agreement (Phase 2 Partnership agreement) of Holden Hills Phase 2, L.P. (Phase 2 Partnership) and other related agreements for the development of Holden Hills Phase 2 (Holden Hills Phase 2 Project).
  • The Holden Hills Phase 2 Project is Stratus' ~570-acre mixed-use development located along Southwest Parkway in the southern portion of the Barton Creek community adjacent to Holden Hills Phase 1, Stratus' 495-acre residential development. Stratus is planning both Holden Hills Phase 1 and Holden Hills Phase 2 as one interconnected development, branded as Holden Hills. Holden Hills Phase 2 is being designed as a mixed-use project, including a range of commercial and extensive residential uses, surrounded by outdoor recreational and greenspace amenities.
  • Pursuant to the Phase 2 Partnership agreement, the partners have made the following initial capital contributions: (i) the Class A Limited Partner contributed the Holden Hills Phase 2 land and related personal property at an agreed value of ~$95.7M, which reflects an agreed land value of $86.9M and Stratus' Tecoma Circle infrastructure investment of ~$8.8M, and (ii) the Class B Limited Partner contributed ~$47.9M in cash. Following the Class B Limited Partner's initial capital contribution, ~$47.9M of cash was distributed by the Phase 2 Partnership to the Class A Limited Partner. As a result of these transactions, Stratus holds, indirectly through its wholly-owned subsidiaries, a 50% equity capital interest in the Phase 2 Partnership, and the Class B Limited Partner holds the remaining 50% equity capital interest in the Phase 2 Partnership. Generally, after the initial distribution described above, distributions will be made to the partners in accordance with their relative equity capital interests. The initial purposes of the Phase 2 Partnership do not include the development or construction of horizontal or vertical improvements, and the commencement of any Future Project will require the approval of all partners. The Phase 2 Partnership will reimburse the Class A Limited Partner for certain initial project costs of ~$0.8M within a reasonable time after the Effective Date.
  • In addition to each partner's initial capital contribution, upon the call of the Phase 2 General Partner from time to time, the partners are obligated to make additional capital contributions for certain Phase 2 Partnership costs and expenses defined as "mandatory," such as property taxes and debt service payments, within available unused reserves in the then-current approved budget or as otherwise approved by the partners. Stratus guaranteed the additional capital contribution obligations of the Phase 2 General Partner and the Class A Limited Partner.
  • The Phase 2 Partnership is working to establish a separate revolving credit facility for the Holden Hills Phase 2 Project (Holden Hills Phase 2 Revolving Credit Facility), which is expected to be sized as needed for future operating costs. The Holden Hills Phase 2 Partnership intends to use the facility to reimburse the Class A Limited Partner for the ~$0.8M initial project costs, as described above, fund the approved operating budget for 2025, and fund future partnership activities approved by the partners.
  • The Phase 2 General Partner has the authority to manage the Phase 2 Partnership's business, subject to approval rights given to the partners for specified "Major Decisions," including but not limited to:
    • operating and Future Project budgets (as applicable), the business plan, and amendments thereto;
    • commencement of any Future Project;
    • sales, leases or transfers of any portion of the Holden Hills Phase 2 Project or any Future Project to any partner, affiliate of any partner, or to any unaffiliated third party other than as contemplated in the business plan;
    • payments, transactions or agreements between the Phase 2 Partnership and any partner or its affiliates not already approved;
    • incurring any debt, mortgage or guaranty;
    • capital calls in excess of the initial capital commitment or otherwise as provided in the Phase 2 Partnership agreement;
    • Issuance or redemption of Phase 2 Partnership interests, or admitting a new partner;
    • direct or indirect transfers of the Phase 2 General Partner or Class A Limited Partner's interests in the Phase 2 Partnership, except for certain carve-outs including Stratus stock transfers and beneficial ownership changes, and for any transfers in connection with mergers, reorganizations, sales of all or substantially all assets or similar transactions of or by Stratus; and
    • direct or indirect transfers of the Class B Limited Partner's interest in the Phase 2 Partnership, except for permitted assignments as described in the Phase 2 Partnership agreement.
  • Determinations of the Phase 2 Partnership regarding whether to assert, defend, or settle claims, and the terms of such claims, under any agreement between the Phase 2 Partnership and affiliates of Stratus are determined on behalf of the Phase 2 Partnership by the Class B Limited Partner.
  • Pursuant to the Phase 2 Partnership agreement's buy-sell provision, any partner can initiate the buy-sell at any time by written notice to the other partner, specifying the buyout price.
  • The Phase 2 Partnership interests are subject to substantial restrictions on direct and indirect transfers under the Phase 2 Partnership agreement and applicable law. Generally, direct and indirect transfers other than to specified permitted transferees require partner consent and such transfer is subject to a right of first refusal by the non-transferring partners. Removal of the Phase 2 General Partner is limited to "cause" as described in the Phase 2 Partnership agreement.
  • Pursuant to an asset management agreement between the Phase 2 Partnership and the Phase 2 General Partner, the Phase 2 Partnership has agreed to pay the Phase 2 General Partner management fees equal to $39,875.00 per month (prorated for any partial month) for the first 12 months after the Effective Date and thereafter subject to adjustment as may be agreed by the Phase 2 Partnership, the Class B Limited Partner and the Phase 2 General Partner, plus 4% of the hard costs of the landscaping and site clearing approved in the initial operating budget.
  • The partners have approved an initial business plan for the Holden Hills Phase 2 Project and operating budget, each through 31-Dec-25. The Phase 2 General Partner will annually prepare and deliver to the other partners a proposed business plan and annual operating budget, subject to approval of the partners. Expenditures that would result in certain overages with respect to the approved annual operating budget are subject to approval of the partners. Future Projects, including related Future Project budgets, are subject to approval of all partners.
  • On the Effective Date, and in anticipation of the Holden Hills Phase 2 Revolving Credit Facility, Comerica Bank released the Holden Hills Phase 2 property from the collateral pool for Stratus' Comerica Bank revolving credit facility and the borrowing base under the facility was reduced from $54.1M to $23.3M, pursuant to the terms of the loan agreement.
• Amendment to Holden Hill Phase 1 Partnership agreement
  • On 13-Jun-25, Holden Hills GP, L.L.C., the Class A Limited Partner, and Bartoni, LLC, an unrelated equity investor, as the sole Class B limited partner, entered into the First Amendment to the restated Limited Partnership agreement (Phase 1 Partnership Amendment) of Holden Hills, L.P. (Phase 1 Partnership), which amended the restated Limited Partnership agreement, effective
  • 31-Jan-23, of the Phase 1 Partnership (Phase 1 Partnership agreement). The Phase 1 Partnership Amendment amended certain provisions to more closely align the Phase 1 Partnership agreement with the Phase 2 Partnership agreement described above, including that any partner can initiate a buy-sell at any time by written notice to the other partner.
  • The foregoing summary of the Phase 2 Partnership agreement, the Phase 1 Partnership Amendment and the transactions contemplated thereby does not purport to be complete and is qualified in its entirety by reference to the full text of the Phase 2 Partnership agreement and Phase 1 Amendment, copies of which will be filed as an exhibit to Stratus' Quarterly Report on Form 10-Q for the quarter ended 30-Jun-25.
• Share Repurchase:
  • Stratus' board (board) has approved an increase to Stratus' share repurchase program from $5.0M to up to $25.0M of Stratus' common stock. As of 20-Jun-25, Stratus had repurchased $2.0M under the program, leaving $23.0M available for future purchases. The repurchase program authorizes Stratus, in management's and the Capital Committee of the board's discretion, to repurchase shares from time to time, subject to market conditions and other factors.

6/20/2025

Darden Restaurants reports Q4 EPS $2.98 ex-items vs FactSet $2.96 [26 est, $2.88-3.13]; increases dividend and announces new share buyback ($222.75, 0.00)

• Reports Q4:
  • Revenue $3.27B vs FactSet $3.26B [21 est, $3.23-3.33B]
  • Comps 4.6% vs FactSet 3.5%
• Share Buyback:
  • On Wednesday, 18-Jun-25, the company authorized a new share repurchase program under which the company may repurchase up to $1B of its outstanding common stock. This repurchase program does not have an expiration and replaces the previously existing share repurchase authorization.
• Quarterly Dividend:
  • Increases quarterly dividend by 7.1% to $1.50 from $1.40
  • Payable 1-Aug-25; record 10-Jul-25
  • The new annualized dividend yield is 2.69% vs prior annualized dividend yield of 2.51%
• FY Guidance (May 2026):
  • EPS $10.50-$10.70 vs FactSet $10.77 [28 est, $10.40-11.15]
  • Revenue growth +7-8% y/y vs FactSet +9.0%
  • Comps 2-3.5% vs FactSet 2.7%
  • New restaurant openings of 60 to 65
  • Total capital spending of $700-$750M
  • Total inflation of 2.5% to 3.0%

6/20/2025

Tharimmune holder Gravitas Capital discloses 14.83% stake - 13D ($1.43, 0.00)

• The managing member of Gravitas Partners LLC is Vincent S. LoPriore, the chairman of the company
• The language in the filing appears boilerplate
• Click here to view FactSet's SharkWatch 50