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Abacus Global Management Announces Share Repurchase Program; Insider Buying
Globenewswire· 2025-06-06 18:14
Core Viewpoint - Abacus Global Management has authorized a $20 million share repurchase program, reflecting confidence in its business model and balance sheet amidst a short attack on its stock price [1][2]. Group 1: Share Repurchase Program - The share repurchase program is effective from June 5, 2025, and will last for up to 18 months [1]. - The company may repurchase shares through various methods, including open market transactions and block trades, at its discretion based on several factors [2]. - The program is expected to be funded using cash on hand and anticipated future free cash flow [2]. Group 2: Management's Response - The CEO of Abacus stated that the current depressed share price presents a buying opportunity, supported by the new share repurchase program and employee investments totaling over $2 million [2]. - The company is committed to pursuing legal action against those responsible for the short attack [3]. Group 3: Company Overview - Abacus Global Management specializes in alternative asset management, data-driven wealth solutions, and technology innovations, focusing on longevity-based assets and personalized financial planning [8].
Abacus Global Management Announces Virtual Livestream Details for the Abacus Investor Day and Longevity Summit on Thursday, June 12th, 2025
Globenewswire· 2025-05-13 12:00
Core Viewpoint - Abacus Global Management is hosting a virtual Investor Day and Longevity Summit on June 12, 2025, focusing on the integration of lifespan into financial products and strategies [1][2]. Group 1: Event Details - The event will take place from 9:30 AM ET to 12:45 PM ET, featuring discussions on the company's business model and product outlook [1][2][3]. - Registration for the virtual livestream is available for interested guests [3]. Group 2: Company Overview - Abacus Global Management specializes in alternative asset management, data-driven wealth solutions, and technology innovations, with a focus on longevity-based assets [4]. - The company utilizes proprietary data analytics and industry expertise to enhance financial outcomes for both individuals and institutions [4].