Clear Secure announces 4M block share repurchase with Delta

Clear Secure (YOU) announced the repurchase of 4M shares of Class A Common Stock in Q3 pursuant to a block share purchase agreement with Delta Air Lines (DAL). Delta continues to own 4,277,958 shares of Clear’s Class C Common Stock. Clear announced that its board of directors authorized a $100M increase to its existing Class A Common Stock share repurchase program. Pro forma for the Delta repurchase, approximately $100M in aggregate remains available under the repurchase authorization.