XTI Aerospace (XTIA) said Tuesday that its board of directors has authorized a share repurchase program to acquire up to $5 million of its common stock.
The aircraft company said the buyback program will will be in effect for 12 months with an option to extend it by six months.
XTIA shares were over 5% higher ahead of Tuesday's opening bell.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.