Sono-tek Corp (SOTK) Announces $2M Share Buyback
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Sono-Tek Announces Share Buyback
November 4, 2024 7:00 AM ESTMILTON, N.Y., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Sono-Tek Corporation (Nasdaq: SOTK), the leading developer and manufacturer of ultrasonic coating systems, today announced that its Board of Directors has authorized the repurchase of up to $2.0 million of Sono-Teks outstanding common stock (the Repurchase Program).
Dr. Christopher L Coccio, Executive Chairman, stated, We are pleased to announce the Repurchase Program and believe that it demonstrates our financial strength and confidence in our long-term growth strategy. With our solid balance sheet and record backlog, we believe this program represents an attractive opportunity to... More
