Onespan inc. commences a modified “dutch auction” tender offer to repurchase approximately $20 million of its common stock

Boston--(business wire)--onespan inc. (nasdaq: ospn), (“onespan” or the “company”) announced today that it has commenced a modified “dutch auction” tender offer (the “tender offer”) to purchase for cash approximately $20 million of its common stock (the “common stock”) at a price per share not less than $9.50 and not greater than $11.00, less any applicable withholding taxes and without interest, using available cash on hand. on november 10, 2023, the closing price of the common stock was $9.52.
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