CS Disco Board Approves $20 Million Share Repurchase Authorization
14 Março 2024 - 5:15PM
Business Wire
CS Disco, Inc. (“DISCO”) (NYSE: LAW) today announced that its
Board of Directors has approved a share repurchase program
authorizing the Company to repurchase up to $20 million of its
outstanding shares of common stock.
“We believe DISCO’s shares are undervalued and this repurchase
program is a prudent use of capital that underscores our commitment
to enhancing stockholder value,” said Scott Hill, Chief Executive
Officer of DISCO.
The share repurchase program is intended to be implemented
through purchases made from time to time using a variety of methods
which may include open market purchases or purchases through a Rule
10b5-1 trading plan, all in accordance with the Securities and
Exchange Commission and other applicable legal requirements. The
timing, prices and sizes of purchases will depend upon prevailing
stock prices, general economic and market conditions and other
considerations. The repurchase program does not have an end date
and does not obligate the Company to acquire any particular amount
of common stock. The repurchase program may be suspended or
discontinued at any time at the Company's discretion.
About DISCO
DISCO (NYSE: LAW) provides cloud-native, artificial
intelligence-powered legal product offerings that simplify legal
hold, legal request, ediscovery, legal document review and case
management for enterprises, law firms, legal services providers and
governments. Our scalable, integrated product offerings enable
legal departments to easily collect, process and review enterprise
data that is relevant or potentially relevant to legal matters.
References to "DISCO," the "Company," "our" or "we" in this
press release refer to CS Disco, Inc. and its subsidiaries on a
consolidated basis.
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