12:11 PM EDT, 06/06/2024 (MT Newswires) -- Borealis Foods ( BRLS ) said Thursday that its board has authorized a $3 million stock buyback program, with an expiration date of May 30, 2025.

The program is expected to be funded using cash on hand and from operations, the company said.

Shares of Borealis Foods ( BRLS ) were 1.3% lower in recent trading.

Price: 8.99, Change: -0.12, Percent Change: -1.32