Fiverr Announces Board Authorization of Additional $100 Million for Share Repurchase Program

Core Viewpoint - Fiverr International Ltd has authorized an additional 100 million for its share repurchase program, aligning with its capital allocation strategy to enhance shareholder value and evaluate strategic M&A opportunities [1][2]. Group 1: Share Repurchase Program - The Board of Directors has approved the repurchase of up to 100 million in ordinary shares, which is part of Fiverr's ongoing capital allocation strategy [1][2]. - The company maintains a strong cash position and plans to pay down convertible notes due in November 2025 while engaging in opportunistic share repurchases [2]. - According to Israeli law, creditors can object to the share repurchase program until April 10, 2025, after which court approval may be required if objections are filed [2]. Group 2: Market Conditions and Execution - Share repurchases may occur in the open market or through privately negotiated transactions, with the timing and amount subject to market conditions [3]. - The company reserves the right to suspend, modify, or discontinue buybacks at its discretion without prior notice [3]. Group 3: Company Overview - Fiverr aims to democratize access to talent and provide opportunities for individuals and businesses, serving nearly 4 million customers globally [4]. - The platform offers over 700 skills, catering to a wide range of needs from small businesses to Fortune 500 companies [4].