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IZEA Announces Preliminary Results of its Modified Dutch Auction Tender Offer
Globenewswire· 2025-06-17 13:00
Core Points - IZEA Worldwide, Inc. announced a modified "Dutch auction" tender offer to repurchase up to $8,700,000 of its common stock at a price of $2.80 per share, which expired on June 16, 2025 [1] - A total of 36,682 shares were properly tendered in the tender offer, representing approximately 0.23% of the company's outstanding shares as of the expiration date [2] - The total cost for the shares expected to be acquired in the tender offer is approximately $108,310, excluding fees and expenses [2] - The final number of shares to be purchased is subject to confirmation by the Depositary and will be announced after the expiration of the guaranteed delivery period [3] Company Overview - IZEA is an influencer marketing company focused on creating solutions for the Creator Economy, having facilitated nearly 4 million collaborations between brands and creators since its inception in 2006 [5]