Coupang Inc: Entered Repurchase Agreement, Effective As Of April 1, With Maverick Holdings C, L.P. For The Co To Repurchase 10M Shares Of The Company's Class A Common Stock For $17.79 Per Share In A Privately Negotiated Transaction For An Aggregate Purchase Price Of $177.9M
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Coupang Inc has entered into a share repurchase agreement with Maverick Holdings for the repurchase of 10 million shares of the company's Class A Common Stock at $17.79 per share, resulting in an aggregate purchase price of $177.9 million. The transaction was completed on April 3, 2024. Coupang continues to evaluate its capital allocation strategy for long-term shareholder value.
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