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Rimini Street Announces Stock Repurchase and Debt Repayment Transactions

1. RMNI repurchased 891,000 shares for $3.8 million, enhancing shareholder value. 2. This buyback may indicate strong financial health and confidence in future growth.

Shares Buyback
+4.36%Current Return
VS
+0.73%S&P 500
$4.4709/11 09:17 AM EDTEvent Start
$4.66509/11 12:52 PM EDTLatest Updated
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FAQ

Why Bullish?

Share repurchases often signal confidence in the company's future. Historical examples show similar actions can lead to stock price appreciation.

How important is it?

The timing and scale of the buyback suggest robust financial conditions, which can attract investor interest.

Why Short Term?

The immediate impact of share buybacks typically influences stock prices quickly, often boosting demand.

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LAS VEGAS--(BUSINESS WIRE)--Rimini Street, Inc., (the “Company”) (Nasdaq: RMNI), a global provider of end-to-end enterprise software support and innovation solutions, and the leading third-party support provider for Oracle, SAP and VMware software, today announced the completion of the following capital market transactions thus far during the third fiscal quarter of 2025: Repurchased a total of 891,000 shares of common stock for approximately $3.8 million with an average per share purchase pric.

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