Network-1 Extends its Share Repurchase Program

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Jun 09, 2021

NEW YORK, NY / ACCESSWIRE / June 9, 2021 / Network-1 Technologies, Inc. (NYSE MKT:NTIP) announced today that its Board of Directors has extended its previously announced share repurchase program (the "Share Repurchase Program") pursuant to Rule 10(b)-18 of the Securities Exchange Act, as amended, authorizing Network-1 to repurchase up to $5,000,000 of shares of its common stock over the next two years. To date, the Company has repurchased an aggregate of 8,645,659 shares of its common stock under the Share Repurchase Program since inception of the program in August 2011 at an average price of $1.88 per share or an aggregate cost of approximately $16,286,805 (exclusive of commissions).