Aug. 5 at 12:21 PM
$RMBS Rambus initiates
$100M accelerates share repurchase program
Rambus initiated an accelerated share repurchase program with Mizuho Markets Americas, through its agent Mizuho Securities USA to repurchase an aggregate of approximately
$100M of its common stock. Under the accelerated share repurchase program, Rambus will pre-pay
$100M to Dealer and receive an initial delivery of approximately 796,000 shares of its common stock. The final number of shares to be repurchased will be determined based on the volume-weighted average price of Rambus common stock during the term of the transaction, less a discount. The program is expected to be completed by the end of the third quarter of 2026.