SRX Global entered into a Limited Waiver and Consent Agreement with the Required Holders under its Securities Purchase Agreement. The waiver permits a one-time $0.05 per-share cash dividend on August 3, 2026 to shareholders of record on July 22, 2026, and authorizes a stock repurchase plan of up to the lesser of 10,000,000 shares or 50% of outstanding shares, capped at $20 million, through July 7, 2027. The consent provides flexibility to return capital while remaining compliant with existing investor agreements.
Agreement details:
- Agreement type: Limited Waiver and Consent Agreement related to Securities Purchase Agreement
- Counterparty: Required Holders under the Securities Purchase Agreement (accredited investors)
- Signed / Effective: Jul 17 2026 / same
- Duration / Termination: At will
- Reason: Obtain investor consent for dividend and stock repurchase program
Original SEC Filing:
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