#share repurchase #South Africa #Cape Town #Protective Gear #Leatt Corporation

Leatt Corporation's New Share Repurchase Initiative

CAPE TOWN, South Africa – In a recent announcement, Leatt Corporation (OTCQB: LEAT), renowned for its innovative protective equipment designed for motorsports and extreme activities, disclosed a new share repurchase program valued at up to $750,000. This strategic move is poised to underscore the company's confidence in its future growth.

Highlights of the Share Repurchase Program

The board of directors has authorized the execution of this initiative to boost long-term shareholder value. CEO Sean Macdonald emphasized the rationale behind the program, stating, “This share repurchase program reflects our confidence in the future outlook of our business, the soundness of our balance sheet, and the overall strength of the Leatt organization.” He further mentioned that this initiative intends to enhance shareholder value while fulfilling the mission of developing cutting-edge protective products for extreme sports enthusiasts.

Details of the Repurchase Plan

The repurchases will occur at the board's discretion and can be initiated intermittently depending on market conditions. They will adhere to applicable securities regulations. The program is set to conclude on December 31, 2025, but may be subject to suspension or cancellation at any time prior to this date. As of now, there have been no shares repurchased under this initiative. The scheduling or quantity of shares to be repurchased remains uncertain, indicating the flexible nature of this approach.

About Leatt Corporation

Specializing in head-to-toe protective gear, Leatt Corporation focuses on creating products that cater to sports such as mountain biking (MTB) and motorcycle racing (MOTO). One of their flagship products, the Leatt-Brace®, has earned accolades for being a gold standard in neck protection, especially when paired with a helmet. The company's commitment extends to providing safety gear for various extreme sports, aiming to shield participants in high-velocity environments.

Leatt’s extensive product portfolio includes items suitable for use in high-octane settings, marked by their innovative designs that prioritize safety without compromising comfort.

A Forward Looking Perspective

The announcement of the share repurchase program falls within a broader context of strategic business maneuvers as Leatt seeks to foster a resilient position in the marketplace. By instilling confidence among its investors and stakeholders, the company hopes to fortify its market presence as it strives to enhance its product line further.

The firm recognizes the challenges of operating in a sector that often sees fluctuating performance metrics. Nevertheless, their ongoing dedication to product development and safety standards ensures they remain a trusted name in protective gear.

For those looking to keep abreast of updates from Leatt, further details about their products and initiatives can be found at www.leatt.com

Follow Leatt Corporation on social media platforms, including Facebook, Twitter, and Instagram, to see their latest innovations and company news.

Conclusion

Leatt Corporation's newly announced share repurchase program is a testament to its faith in continued success and growth within the protective gear market for extreme sports. As they navigate the challenges ahead, their commitment to quality and safety paired with this financial strategy should serve them well in the competitive landscape of personal protective equipment.