09:59 AM EDT, 04/08/2025 (MT Newswires) -- SECURE Waste Infrastructure ( SECYF ) , which lost near 3% on Monday, was at last look up 7.5% early on Tuesday after saying that it intends to start a substantial issuer bid whereby SECURE will offer to buy up to $200 million of its outstanding common shares from holders of shares.

The company said there were 230.9 million shares issued and outstanding as of April 7 and expects the offer to start on April 9.

The offer will be for about 7.22% of the total number of issued and outstanding shares if the purchase price is determined to be $12.00 and about 5.97% of the total number of issued and outstanding shares if the purchase price is determined to be $14.50.

SECURE expects to fund the purchase of shares pursuant to the offer, including all related fees and expenses, from drawdowns on SECURE's existing revolving credit facility and available cash on hand, if any.

The offer is expected to commence on April 9, 2025.

Price: 13.70, Change: +1.07, Percent Change: +8.47