DALLAS--(BUSINESS WIRE)--Blackboxstocks Inc. (NASDAQ: BLBX), (“Blackbox” or the “Company”), a financial technology and social media hybrid platform offering real-time proprietary analytics for stock and options traders of all levels, announced today that it has extended its $2.5 million stock buyback program to December 31, 2023. The buyback program was initiated in January 2022 with an initial expiration date of December 31, 2022.
As of September 30, 2022, the Company had repurchased 615,748 shares of its common stock at a total cost of $1,434,734. Stock purchases can be made from time to time using a variety of methods, including open market purchases or block trades, all in compliance with the rules of the United States Securities and Exchange Commission and other applicable legal requirements.
Gust Kepler, Chief Executive Officer, stated, “We remain confident in our Company, its prospects, and its stock. We believe the stock buyback program is another tool at our disposal to enhance stockholder value. We have a strong balance sheet and look forward to introducing new products as planned in 2023, including Stock Nanny and Blackbox Pro.”
About Blackboxstocks, Inc.
Blackboxstocks, Inc. is a financial technology and social media hybrid platform offering real-time proprietary analytics and news for stock and options traders of all levels. Our web-based software employs "predictive technology" enhanced by artificial intelligence to find volatility and unusual market activity that may result in the rapid change in the price of a stock or option. Blackbox continuously scans the NASDAQ, New York Stock Exchange, CBOE, and all other options markets, analyzing over 10,000 stocks and up to 1,500,000 options contracts multiple times per second. We provide our users with a fully interactive social media platform that is integrated into our dashboard, enabling our users to exchange information and ideas quickly and efficiently through a common network. We recently introduced a live audio/screenshare feature that allows our members to broadcast on their own channels to share trade strategies and market insight within the Blackbox community. Blackbox is a SaaS company with a growing base of users that spans 42 countries; current subscription fees are $99.97 per month or $959.00 annually.
For more information, go to: www.blackboxstocks.com.
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Disclosure Information
The Company uses and intends to continue to use its Investors website at www.blackboxstocks.com/company-overview as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD. Accordingly, investors should monitor the Company’s Investors website, in addition to following the Company’s press releases, SEC filings, public conference calls, presentations and webcasts.