SRX Global Announces $20M Share Repurchase and Special Cash Dividend

SRX Global announced significant capital return initiatives, including a new share repurchase program and a one-time special cash dividend. These actions follow the company's recent acquisition of EMJ Crypto Technologies and are supported by a strong preliminary balance sheet with over $55 million in cash and short-term investments and no debt as of June 30, 2026.

Key Details

• Share Repurchase Program: The Board authorized a plan to repurchase up to 10 million shares (or 50% of outstanding stock) with an allocation of up to $20 million. The program is effective through July 7, 2027.
• Special Cash Dividend: A one-time dividend of $0.05 per share will be paid on or about August 3, 2026, to shareholders of record on July 22, 2026. The total payout is approximately $1 million.
• Financial Position (Preliminary): As of June 30, 2026, the company reported over $55 million in cash and short-term investments, zero debt, and an estimated net asset value of $3.07 per share post-split.