On March 6, 2024, the company announced that its Board of Directors will consider a share repurchase program. Under the program, the company will repurchase up to $50 million worth of the company's common shares at a price per share of not less than $9.00 and not greater than $10.00 per share, which could represent approximately 10% of outstanding shares. The company intends to commence the tender offer before the end of March.

The repurchases will be made using cash on hand.