Sezzle Inc. (NASDAQ: SEZL) has made two significant announcements, signaling its commitment to making ownership more accessible to investors and employees. The company's board of directors has declared a six-for-one split of its common stock in the form of a stock dividend. This means that each Sezzle stockholder of record at the close of business on March 21, 2025, will receive a dividend of 5 additional shares of common stock for every share held on the record date. The distribution of these additional shares is scheduled to take place after the close of trading on March 28, 2025, and trading is expected to begin on a stock split adjusted basis on March 31.
Additionally, the board has authorized a stock repurchase program, allowing the company to repurchase up to $50.0 million of its common stock. Notably, this repurchase program has no fixed expiration, providing flexibility in execution based on market conditions and other factors. The repurchases under the program will be made in open market transactions in compliance with the Securities and Exchange Commission Rule 10b-18 and federal securities laws. It's important to note that the stock repurchase program does not obligate the company to acquire any particular amount of common stock, and it may be extended, suspended, or discontinued at any time at the company’s discretion.
Sezzle Inc., a purpose-driven digital payment platform, aims to financially empower the next generation by offering interest-free installment plans at online stores and select in-store locations. These recent strategic moves by the company demonstrate its commitment to creating value for its shareholders and fostering inclusivity in ownership. Today the company's shares have moved -12.6% to a price of $204.12. For the full picture, make sure to review Sezzle's 8-K report.
