Nasdaq-listed Lite Strategy repurchased 4.9 million shares for $5.4 million through July 17, funded by Litecoin (LTC) sales and covered-call premiums. The transaction reduced absolute LTC holdings but increased LTC backing per outstanding common share by about 1.7%.
Lite Strategy, a Nasdaq-listed company, repurchased 4.9 million shares for $5.4 million through July 17, funded by LTC sales and covered-call premiums. This reduced Litecoin holdings but increased LTC backing per outstanding share by 1.7%, though future accretion depends on execution and market conditions.
Lobbying efforts are intensifying against a proposed ban on defense contractors buying back their own stock, an amendment to the annual National Defense Authorization Act (NDAA). The House Rules Committee is considering the measure, which industry groups argue restricts corporate governance and capital allocation.
The Senate Armed Services Committee approved a provision in the National Defense Authorization Act that could bar defense contractors from stock buybacks or dividends without Pentagon approval. The measure, supported by both parties, aims to increase discipline among contractors and faces opposition from industry groups.
SEOUL, May 11 (Yonhap) -- The Korea Exchange, South Korea's main bourse operator...
