DatChat Announces Stock Repurchase Plan
DatChat, Inc., a social media, metaverse, and secure messaging company announced today that its board of directors has approved a share buyback plan under which the company can buy back up to $2,000,000 of the company’s common shares outstanding, with a par value of $0.0001 per share. In addition, the Board of Directors approved the hiring of EF Hutton as a broker to execute the acquisition plan.
“We believe repurchasing our common stock is an attractive use of capital, given recent market prices,”
Darin Myman, Chief Executive Officer of the Company.
Shares may be redeemed from time to time in open market transactions or by other means pursuant to Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) ) and Trading Rule 10b-18. Law. The timing, number of shares redeemed, and the price paid for shares under this program will be subject to general market and business conditions as well as company and regulatory limitations, including time limits. prohibit.
DataChat Inc. is a blockchain, cybersecurity and social media company that focuses not only on protecting privacy on personal devices but also on protecting user information after it is shared with others. DatChat Messenger & Private Social introduces technology that allows users to change the viewing time of messages before or after sending, prevent screenshots and hide encrypted photos in plain view on the camera roll.
DatChat’s patented technology provides users with a traditional text-based experience while providing control and security over their messages. With DatChat Messenger, users can decide how long their messages stay on the recipient’s device while ensuring that they can delete individual messages or entire message threads at any time, this gives the impression that the conversation never took place.
