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IZEA Announces Intention to Commence a Modified Dutch Auction Tender Offer to Repurchase up to $8.7M of its Common Stock
ORLANDO, Fla., May 13, 2025 (GLOBE NEWSWIRE) -- IZEA Worldwide, Inc. (NASDAQ: IZEA), a leading influencer marketing company that makes Creator Economy solutions for marketers, announced today that it intends to commence a modified “Dutch auction” tender offer (the “Offer”) to repurchase up to $8,700,000 of its common stock. Under the terms of the proposed Offer, IZEA will offer to purchase shares of its common stock at a price not less than $2.30 and not more than $2.80 per share, which maximum
About this update from Izea Worldwide, Inc.
[{"type":"image","alt":"IZEA Worldwide, Inc.","displaySize":"","headline":null,"caption":"IZEA Worldwide, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":261,"url":"https://media.zenfs.com/en/globenewswire.com/f7b887a4bb3ea54701b1a89f243f6ad4"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/w2Q5KPWCK4sjloLoL621bg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTM2NTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/f7b887a4bb3ea54701b1a89f243f6ad4","width":300,"height":261}},"lazy":false},{"type":"text","content":"ORLANDO, Fla., May 13, 2025 (GLOBE NEWSWIRE) -- IZEA Worldwide, Inc. (NASDAQ: IZEA), a leading influencer marketing company that makes Creator Economy solutions for marketers, announced today that it intends to commence a modified “Dutch auction” tender offer (the “Offer”) to repurchase up to $8,700,000 of its common stock.","length":325,"tagName":"p"},{"type":"text","content":"Under the terms of the proposed Offer, IZEA will offer to purchase shares of its common stock at a price not less than $2.30 and not more than $2.80 per share, which maximum price equals approximately 120% of our 90-day volume-weighted average purchase price of $2.29 per share through May 12, 2025. The Offer will commence on May 16, 2025 and expire at 5:00 p.m., Eastern Time, on June 16, 2025, unless extended or terminated.","length":427,"tagName":"p"},{"type":"text","content":"Stockholders may tender some or all of their shares at a price within the specified range. Based on the number of shares tendered and the prices specified by tendering stockholders, IZEA will determine the lowest single per-share price that will allow it to purchase up to the maximum dollar amount of shares properly tendered. All shares accepted in the Offer will be purchased at the same price, regardless of the price at which they were tendered.","length":450,"tagName":"p"},{"type":"text","content":"The Offer will be made pursuant to an Offer to Purchase and related materials, which will be filed with the Securities and Exchange Commission (“SEC”) and distributed to stockholders.","length":183,"tagName":"p"},{"type":"text","content":"Important Information The Offer described in this press release has not yet commenced and will not be made to any person in any jurisdiction in which either the Offer, or solicitation or sale thereof, is unlawful. This announceme...