Canton Strategic Holdings, Inc. announced on June 16, 2026 that its Board of Directors has authorized a share repurchase program of up to $50 million in common stock.
The company said repurchases may be made from time to time in the open market or otherwise. Any repurchases will be conducted in accordance with Rule 10b-18 under the Securities Exchange Act of 1934.
Canton Strategic said the timing, amount and method of any repurchases will be determined by management. Factors may include market conditions, share price, trading volume, capital requirements, regulatory considerations and other factors.
The company said the program does not require it to repurchase any specific number of shares. The Board may modify, suspend or terminate the program at any time.
Mark Wendland, Chairman and CEO of Canton Strategic Holdings, said the repurchase program reflects the company’s confidence in its platform and its ability to drive long-term shareholder value. He said it also gives the company an opportunity to return capital to shareholders.
About Canton Strategic Holdings
Canton Strategic Holdings, Inc. trades on Nasdaq under the ticker CNTN. The company describes itself as the first publicly traded company to leverage Canton Coin and support the Canton Network in advancing institutional blockchain adoption and the digitization of financial markets. In addition to its activities on the Canton Network, the company also operates clinical-stage biotech research and development.
