CEA Industries Inc. (BNC) has announced that its board of directors has approved a new stock repurchase program of up to $250 million.
The company stated the buyback is designed to bolster its market position, optimize capital allocation, and reinforce its long-term commitment to increasing shareholder value.
The repurchases may be made over time through various means, including open market purchases and private transactions, and the program’s timing and total amount will depend on market conditions and other factors.