10/28/2024 | Press release | Distributed by Public on 10/28/2024 14:37
Item 8.01 Other Events.
On October 28, 2024, Atlas Energy Solutions Inc. (the "Company") announced that on October 24, 2024, the Board of Directors of the Company approved a new stock repurchase program (the "Stock Repurchase Program") for the repurchase of up to $200 million of the Company's outstanding common stock. We expect for shares to be acquired from time to time in open-market transactions or through privately negotiated transactions at our discretion, subject to a number of factors including market conditions and other business considerations. The stock repurchase program will terminate upon completion of the repurchase of $200 million of common stock or on December 31, 2026, whichever occurs first.
The Stock Repurchase Program does not obligate the Company to repurchase any specific dollar amount or number of shares of the Company's common stock and stock repurchases thereunder will be made in accordance with applicable securities laws and may be discontinued by the Company, in its sole discretion and without notice.