AGNT, Inc. Completes Share Repurchase of 8.69M Shares

What Happened

• AGNT, Inc. announced it completed a repurchase of 8,693,290 shares of its common stock from Frank Selden, as trustee of the Gratitude 2022 Trust, on September 14, 2026.
• The aggregate purchase price was $31,991,307.20. The Purchased Shares were sold by the Trust to meet time-sensitive tax and estate administration requirements following the death of Penny Sanford, the Trust’s prior trustee.
• The transaction was structured as a company repurchase and the Purchased Shares are no longer included in AGNT’s outstanding common stock. The company previously disclosed the stock purchase agreement in an 8-K filed September 8, 2026.

Key Details

• Shares repurchased: 8,693,290.
• Total purchase price: $31,991,307.20.
• Transaction date: September 14, 2026; 8-K filed September 15, 2026.
• Approval: Audit Committee (all independent, disinterested directors) unanimously approved the transaction under the company’s related person transaction policy, noting the block was acquired at a 10% discount to the 5‑day volume-weighted average price (VWAP).
• Signatory: Report signed by James Bramble, Chief Legal Counsel.

Why It Matters

• The repurchase removes 8.69 million shares from AGNT’s outstanding share count and was executed as a block repurchase rather than through open-market purchases.
• Management and the Audit Committee said buying this block at a 10% VWAP discount will "meaningfully accelerate the Company’s capital return program beyond what could be achieved through ordinary open-market purchases," indicating a deliberate use of capital to return value to shareholders.