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].

Core Insights - The company reported a slight improvement in its second quarter results, reflecting some recovery in the Capital Markets industry, although still below 2023 levels [2][3] - The company plans to pursue initiatives to expand its business portfolio while growing its Wealth Management, Commercial Lending, and Capital Markets operations [2][3] Financial Performance - Q2 revenue reached $2,854,000, marking a 53% increase year-over-year [8] - The company reported a net loss of $(1,312,000) or $(0.02) per share for Q2 [8] - Adjusted net loss for Q2 was $(421,000) or $(0.01) per share, with EBITDA at $(690,000) compared to $(441,000) in the same quarter last year [8] Corporate Developments - The company is exploring opportunities to diversify revenue sources through strategic investments in both complementary and non-core sectors [9] - The purchase of subordinate voting shares by the Executive Chairman constitutes a related party transaction but is exempt from shareholder approval due to the fair market value being less than 25% of the company's market capitalization [5]