Athena Technology Acquisition Corp II
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Company profile

Athena Technology Acquisition Corp. II is a blank check company. The Company is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company has not selected any specific business combination target and has not, nor has anyone on its behalf, initiated any substantive discussions, directly or indirectly, with any business combination. The Company has not commenced any operations nor generated any revenue.

Closing Price
$10.03
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
--
Day's Low
--
Volume
(Light)
Volume:
173

10-day average volume:
198,810
173

Marqeta announces $100 million buyback program with CEO saying stock price doesn't reflect company's performance

8:44 am ET September 15, 2022 (MarketWatch)
Print

Marqeta Inc. announced Thursday that it has received board approval to buy back up to $100 million of its Class A shares. "The share repurchase program demonstrates the confidence our board and management team have in the strength of our business and future growth prospects," Jason Gardner, the company's chief executive, said in a release. "We see a specific moment-in-time opportunity for us to execute a share buyback program as we do not believe our current valuation reflects our performance or our long-term market opportunity." He noted that Marqeta has $1.7 billion in liquidity on its balance sheet and sees opportunities to proceed with share repurchases while also investing in the business. Marqeta's stock was up 1.5% premarket. Shares of the company, which makes card-issuing technology, have lost 54% on the year as the S&P 500 has dropped 17%.

-Emily Bary

	

(END) Dow Jones Newswires

September 15, 2022 08:44 ET (12:44 GMT)

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