Zedge board of directors authorizes 1.5 million share repurchase program

New york, ny / accesswire / august 16, 2022 / zedge, inc. (nyse american:zdge), a leader in building marketplaces and games around digital content that enable self-expression, today announced that its board of directors authorized a share repurchase program permitting the company to purchase up to an aggregate of 1.5 million shares of class b common stock. "the board and management team believe that our stock price is undervalued and doesn't properly reflect our performance or fundamentals," said jonathan reich, ceo of zedge.
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