Symbolic Logic, Inc. (OTCPK:EVOL) announces a share repurchase program. Under the program, the company will repurchase up to $9.6 million worth of its common stock. The minimum purchase price will not be less than $1.30 per share and maximum price not more than $1.55 per share.

The repurchased shares will be cancelled. The repurchase will be funded by proceeds of the completed sale and transfer of substantially all of the direct and indirect operating subsidiaries of the company and substantially all of the business assets of the company. The company expressly reserves the right to purchase additional shares up to 2% of the issued and outstanding shares exclusive of any shares of its common stock held by or for the company's account or by or for the account of any of the company's subsidiaries) without extending the expiration time.

The offer will be valid till June 23, 2022. As of May 20, 2022, the company had 12,333,184 shares issued and outstanding.