Manhattan Bridge Capital, Inc: increases buyback authorization to 250,000 shares

What happened On Oct 9, 2026, Manhattan Bridge Capital, Inc announced that its board of directors approved an increase in the aggregate number of shares authorized for repurchase under the company’s existing share buyback program from 100,000 common shares to 250,000 common shares and extended the term of the share buyback program for an additional 12 months. The filing states the company may, from time to time, purchase up to 250,000 of its common shares in the aggregate.

The filing says share repurchases may be executed through various means, including open market transactions, privately negotiated transactions or otherwise, and that the share buyback program does not obligate the company to purchase any shares. The program will expire 12 months from the date of the board’s approval of the extension and the board may terminate, increase or decrease the authorization in its discretion.

Key details

• Increase from 100,000 common shares to 250,000 common shares authorized for repurchase.
• Term extended for an additional 12 months; program will expire 12 months from board approval.
• Repurchases may be executed via open market transactions, privately negotiated transactions or otherwise.
• The program does not obligate the company to purchase shares; the board may change or terminate the authorization.

Why it may matter This item was reported as Item 8.01: Other events and covers the board’s approval to increase and extend the company’s existing share buyback program and describes allowable repurchase methods and the program term. The filing does not show why the company acted.