Chromocell Therapeutics (CHRO) Announces Amendment to Share Buyback Plan

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Chromocell Announces Amendment to Stock Repurchase Plan

October 24, 2024 8:45 AM EDT

FREEHOLD, N.J., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Chromocell Therapeutics Corporation (Chromocell, or the Company), (NYSE American: CHRO), a pioneer in the development of non-opioid pain treatment therapeutics, today announced that its board of directors (the Board of Directors) has authorized an amendment (the Amendment) to the Companys existing stock repurchase plan (as amended, the Repurchase Plan) to increase the total value of shares of Chromocells common stock (Common Stock) available for repurchase by the Company under the Repurchase Plan by an additional $500,000, to $750,000.

In addition, the Amendment extends the termination date of the... More