Mobileye Announces Share Repurchase Program of Up to $250 Million [Yahoo! Finance]
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Source: Yahoo! Finance
repurchase up to $250 million of Mobileye's outstanding Class A common stock (the "Repurchase Program"). The share repurchase program demonstrates both the leadership team and Board of Directors' confidence in the Company's current products as well as its position as a leader in the development and deployment of advanced driver assistance systems, autonomous driving solutions, and complex physical AI systems at scale. The Repurchase Program is intended to partially offset dilution associated with share-based compensation and shares issued in connection with the Mentee Robotics acquisition, while maintaining financial flexibility to continue investing in Mobileye's core automotive business and its Physical AI platform. "Mobileye is deeply committed to driving long-term shareholder value," said President and CEO Prof. Amnon Shashua. "Our primary capital allocation priority remains investing in R&D and capital expenditures to support innovation and execute on our expanding product ro
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