On November 15, 2023, the company announced that its Board of Directors will consider a proposal for share repurchase program. Under the program, the company will repurchase its own shares up to 500,000 shares of its Class A common stock at a purchase price of $8 per share. If more than 500,000 shares are tendered in the tender offer, then, the company will purchase shares from shareholders who properly tender shares on a pro rata basis based on the aggregate number of shares tendered.

The tender offer will be held open for at least twenty business days following its commencement.