Royalty Management Holding Corporation (Nasdaq: RMCO) has taken a significant step in its share repurchase program by acquiring 161,875 shares of its common stock through a private purchase. This addition brings the total repurchased shares to 193,052, all of which will be cancelled and removed from the issued shares outstanding, effectively reducing the total number of shares in circulation. Thomas Sauve, Chief Executive Officer of RMCO, highlighted the program's importance in enhancing shareholder value, stating, 'By retiring these shares, we're not only reducing the number of shares outstanding but also signaling our confidence in the company's future.' This action removes approximately 1.3% of the company's shares outstanding, a strategic effort to bolster the stock's value.
The share repurchase program, part of RMCO's broader strategy to invest in high-value assets across resource-driven and emerging technology industries, underscores the company's commitment to acquiring and developing assets that generate sustainable cash flows. This approach is designed to benefit both shareholders and the communities in which RMCO operates. For more information, visit https://www.royaltymgmtcorp.com.
