Radiant Logistics, Inc. announces an Equity Buyback for 5,000,000 shares, representing 10.66% of its issued share capital.
December 05, 2023 at 05:00 pm EST
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Radiant Logistics, Inc. (NYSEAM:RLGT) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 shares, representing 10.66% of its issued share capital. The company expects to fund all purchases from existing cash balances, cash available under the company's revolving credit facility and future cash flows from operations.
The program is valid till December 31, 2025. As of December 1, 2023, the company had 46,906,586 shares are issued and outstanding.
Radiant Logistics, Inc. operates as a third-party logistics company, providing technology-enabled global transportation and value-added logistics services in the United States and Canada. It provides domestic and international freight forwarding along with truck and rail brokerage services to a diversified account base, including manufacturers, distributors and retailers that have agent-owned offices throughout North America and other markets around the world. Its value-added logistics services include warehouse and distribution, customs brokerage, order fulfillment, inventory management, and technology services. It serves various industries, such as consumer goods, food and beverage, electronics and high-tech, aviation and automotive, military and government, and manufacturing and retail customers. As a third-party logistics provider, its primary business operations involve arranging the shipment, on behalf of its customers, of materials, products, equipment and other goods.
RADIANT LOGISTICS, INC. 
