Andrii Dodonov
Sound Group (NASDAQ:SOGP) has announced that its board of directors has authorized a share repurchase program. This program allows the company to repurchase Class A ordinary shares (including those in the form of American depositary shares) with an aggregate value of up to $4 million, commencing immediately.
Sound Group plans to fund the repurchases out of its existing cash balance or future cash generated by operating activities.
The share repurchase amount of $4 million represents ~61.2% of the market cap of $6.54 million as of Jun 06, 2025.
