08:37 AM EDT, 08/26/2024 (MT Newswires) -- MoneyLion ( ML ) said Monday that its board has approved the repurchase of up to $20 million of its outstanding class A shares.

The repurchase program, which has no fixed expiration date, is expected to be funded from existing cash on hand and future cash flows, the company said.

Shares of MoneyLion ( ML ) were up 2.8% in recent premarket activity.

Price: 44.54, Change: +1.22, Percent Change: +2.82