NI Holdings Announces A New $5M Stock Repurchase Program
Benzinga Newsdesk 1 year ago
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NI Holdings, Inc. ((the "Company", NASDAQ:NODK) announced today that its Board of Directors has approved an authorization for the repurchase of up to approximately $5 million of the Company's outstanding common stock.
NI Holdings, Inc. ((the "Company", NASDAQ:NODK) announced today that its Board of Directors has approved an authorization for the repurchase of up to approximately $5 million of the Company's outstanding common stock. This supports our planned approach to capital deployment to create long-term value for our shareholders. This authorization is in addition to the approximately $1.3 million remaining under the Board's previous repurchase authorization announced on May 9, 2022, for a total of approximately $6.3 million available for the repurchase of the Company's outstanding common stock.
The actual timing, number, and value of common shares repurchased under the plan will be determined by management in its discretion and will depend on a number of factors, including, among others, general market conditions, the trading price of common shares, and applicable legal requirements. The Company has no obligation to repurchase any common shares under the authorization, and the repurchase plan may be suspended, discontinued, or modified at any time for any reason.
NI Holdings, Inc. had 20,675,337 shares of common stock outstanding as of July 31, 2025, per the Company's quarterly report on Form 10-Q for the quarter ended June 30, 2025.