GreenBox (NASDAQ: GBOX), an innovative blockchain ledger fintech company, today announced that its board of directors approved a substantial increase in the funds allocated for the immediate repurchase of the company’s common shares, in the initial sum of $10 million. The move comes after the company repurchased approximately 800,000 shares in the second half of 2021. The repurchase program will be executed consistent with GreenBox’s capital allocation strategy and will continue to prioritize aggressive investments to grow the business. Company insiders and strategic business partners will also be free to purchase stock when not under blackout periods. “This announcement demonstrates our commitment to GreenBox and our shareholders, as well as our confidence in the growth opportunities that lie ahead with strategic partners, potential acquisitions and expansion into new territories,” said Ben Errez, chairman of GreenBox. “We intend to keep shareholders continuously apprised of our ongoing efforts from the intended progress of the various initiatives we are currently executing.”
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About GreenBox POS
GreenBox is an emerging financial technology company leveraging proprietary blockchain security to build customized payment solutions. The company’s applications enable an end-to-end suite of turnkey financial products, reducing fraud and improving the efficiency of handling large-scale commercial processing volumes for its merchant clients globally. For more information, please visit the company’s website at www.GreenBoxPOS.com.
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