Rambus entered into an accelerated share repurchase agreement to buy back approximately $100 million of its common stock as part of its ongoing repurchase program. Under the deal with Mizuho, Rambus prepaid $100 million and received an initial delivery of about 796,000 shares. The final number of shares will be based on the volume-weighted average price during the program term, less a discount, with completion expected by the end of the third quarter of 2026. The move is intended to return capital to shareholders and optimize capital allocation.
Agreement details:
- Agreement type: Accelerated share repurchase agreement under Master and Supplemental Confirmations
- Counterparty: Mizuho Markets Americas, through agent Mizuho Securities USA
- Signed / Effective: Aug 04 2026 / same
- Duration / Termination: Expected to complete by Sep 30 2026
- Reason: Return capital to shareholders and optimize capital allocation
Original SEC Filing:
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.