The NFT Gaming Company has repurchased $500000 of company common stock
According to reports, The NFT Gaming Company, a NASDAQ listed digital gaming platform and community development company, announced that it has repurchased $500000 of its common stock. The company mainly helps users cast unique avatars of games in the form of NFT. Vadim Mats, its CEO, said that this decision was made based on current capital market conditions and aimed at obtaining additional value for all shareholders, It is understood that the repurchase plan does not require the company to acquire any specific number of shares. (Yahoo Finance)
Interpretation of this information:
The NFT Gaming Company, a NASDAQ listed digital gaming platform and community development company, has repurchased $500,000 of its common stock in response to current capital market conditions with the aim of obtaining additional value for all shareholders. The company primarily deals with helping users cast unique avatars of games in the form of NFT. This decision to buy back the shares was not made with any specific number of shares in mind. The announcement was made by CEO Vadim Mats.
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