WEATHERFORD, TEXAS / ACCESS Newswire / February 24, 2025 / AZURE Holding Group Corp. (OTC PINK:$AZRH) today announced that it has initiated a treasury share repurchase ("TSR") program to repurchase up to 5,000,000 shares of AZURE common stock over the next 12 months, beginning as early as March 3, 2025.
"We are entering 2025 with considerable momentum and expect to continue scaling our free cash flows significantly, enabling us to return meaningful capital to shareholders while still investing heavily in growth," said Josh Watson and Josh Cohen. "Our stock is undervalued relative to the strength of our business, and we plan to initiate and accelerate our buybacks under this program. This TSR represents a value-enhancing deployment of capital, buying back with the potential to retire up to 35.9% of our free trading market cap held at DTC." (Note that the company's restricted shares currently outstanding are held only by officers of the company, all of which have agreed to a longer hold / restricted time than required by the SEC and Rule 144).
The total number of shares to be repurchased by AZURE pursuant to the TSR agreement will be based on the volume-weighted average price of AZURE common stock on specified dates during the term of the TSR agreement.
The transactions under the TSR agreement are expected to be completed during the second, third and fourth quarters of 2025 in preparation for the company's OTCQX and NASDAQ uplist goals.
About Azure Holding Group
Azure Holding Group Corp. is an acquisition corporation focused on Oil Field Services and Construction, Oil & Gas Exploration & Production, and Oil & Gas Distribution. Azure Holding Group Corp. has completed Reverse Mergers with the following companies: American Industries, Freedom Well Testing, and CST Drilling Fluids. The Company has completed a Joint Venture with Coil Tubing Technologies. The Company is currently evaluating mergers with Button Energy, Bullzeye Wireline, Oil Field Services AI, and several other companies. The Company is currently evaluating a joint venture Drilling Program with Mountain V Oil & Gas.
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