NEW
YORK, Aug. 5, 2024 /PRNewswire/ -- CLEAR Secure,
Inc. (NYSE: YOU), ("CLEAR ", or "The Company"), the secure identity
company, announced the repurchase of 4,000,000 shares of Class A
Common Stock in the third quarter of 2024 pursuant to a block share
purchase agreement with Delta Air Lines, Inc. ("Delta") (NYSE:
DAL).
Delta continues to own 4,277,958 shares of CLEAR's Class C
Common Stock.
"CLEAR is an important partner whose technology enhances the
travel experience for Delta's customers," said Ranjan Goswami, Delta's Senior Vice President,
Consumer Experiences. "We look forward to our continued
partnership."
"Delta was an early investor in CLEAR in 2016 and meaningfully
accelerated our growth - a true win-win partnership," said
Caryn Seidman Becker, CLEAR's
CEO. "We look forward to continued collaboration as we create
frictionless experiences for travelers."
CLEAR announced that its Board of Directors authorized a
$100 million increase to its existing
Class A Common Stock share repurchase program. Pro forma for the
Delta repurchase, approximately $100
million in aggregate remains available under the repurchase
authorization.
ABOUT CLEAR
CLEAR's mission is to create frictionless
experiences. With over 22 million members and a growing network of
partners across the world, CLEAR's identity platform is
transforming the way people live, work, and travel. Whether you are
traveling, at the stadium, or on your phone, CLEAR connects you to
the things that make you, you – making everyday experiences easier,
more secure, and friction-free. CLEAR is committed to privacy done
right. Members are always in control of their own information, and
we never sell member data. For more information,
visit clearme.com.
Forward-Looking Statements
This release may contain
statements that constitute forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Investors are cautioned that any and such forward-looking
statements are not guarantees of future performance or results and
involve risks and uncertainties, and that actual results,
developments and events may differ materially from those in the
forward-looking statements as a result of various factors,
including those described in the Company's filings within the
Securities and Exchange Commission, including the sections titled
"Risk Factors" in our Annual Report on Form 10- K. The Company
disclaims any obligation to update any forward-looking statements
contained herein.
Media Contact:
CLEAR
media@clearme.com
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SOURCE CLEAR