Rimini Street Announces Stock Repurchase and Debt Reduction Transactions
The Company recently completed an additional $5.0 million of common stock repurchases and $5.0 million of debt prepayment that brings total fiscal year-to-date capital return and balance sheet optimization to $30.9 million LAS VEGAS — Rimini Street, Inc., (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, managed services and Agentic AI ERP innovation […]
Rimini Street, Inc., a leading enterprise software support provider, recently announced its commitment to creating long-term value for shareholders through a series of capital return and balance sheet optimization actions during the fiscal third quarter. Executive Vice President and CFO Michael Perica stated that the company has already allocated $30.9 million to these initiatives year-to-date. These actions have resulted in enhanced stockholder value, reduced debt, and a strengthened balance sheet.
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