Tranche Update on LegalZoom.com, Inc. (NasdaqGS:LZ)'s Equity Buyback Plan announced on March 10, 2022.
November 07, 2023 at 04:21 pm EST
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From July 1, 2023 to September 30, 2023, the company has repurchased 4,718,755 shares, representing 2.46% for $45.05 million. With this, the company has completed the repurchase of 15,124,103 shares, representing 7.79% for $150 million under the buyback announced on March 10, 2022.
LegalZoom.com, Inc. provides an online platform for business formation in the United States. The Company is a business advisor, supporting the needs of a new business throughout its lifecycle. Its platform includes professional expertise and other products, both legal and non-legal, to meet the needs of small businesses. It delivers comprehensive legal, tax, accounting and compliance products and expertise to small business owners and their families. Its offerings include ongoing compliance and tax advice and filings, business licenses, accounting, virtual mailbox and e-signature solutions, trademark filings, and estate plans. Additionally, it has insights into its customers and leverages its offerings as a channel to introduce small businesses to brands in its partner ecosystem. Its transaction products for small businesses include business formation, intellectual property, and tax services. Its transaction products for consumers include consumer, estate planning and other.