Key facts
- Riskified's board of directors authorized a new share repurchase program.
- The program allows for the buyback of up to $75 million in company stock.
- Shares will be repurchased in the open market.
The board of directors at Riskified has given the green light for an additional share repurchase program. This authorization permits the company to buy back its own outstanding shares from the open market, up to a total value of $75 million. This move is a common corporate finance strategy aimed at returning value to shareholders and potentially boosting the stock price.