Primis Financial reauthorizes stock repurchase program

Primis Financial (FRST) Corp. announced that the board of directors of the company approved a stock repurchase program for up to 740,600 of the outstanding shares of the company’s common stock. The Stock Repurchase Program will begin on December 19, 2024 and conclude on December 19, 2025, subject to the earlier termination or extension of the Stock Repurchase Program by the Board or the total shares designated for the Stock Repurchase Program are depleted. The company also announced today that, as expected, it received a decision from the Nasdaq Hearings Panel granting the company’s request for continued listing on the Nasdaq Capital Market, and confirming that the company has regained compliance with Listing Rule 5250(c)(1) as of December 11, 2024. Pursuant to Listing Rule 5815(d)(4)(B), the company will be subject to a Mandatory Panel Monitor for a period of one year from the date of the Compliance Decision.