UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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The |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events
On June 26, 2024, Oramed Pharmaceuticals Inc. (the “Company”) announced that the Company’s Board of Directors authorized a stock buyback program (the “Stock Buy Back Program”), pursuant to which the Company may, from time to time, purchase up to $20,000,000 in maximum value of its common stock. Share repurchases may be executed through various means, including, without limitation, open market transactions, privately negotiated transactions or otherwise in compliance with Rule 10b-18 under the Securities Exchange Act of 1934. The Stock Buy Back Program does not obligate the Company to purchase any shares and expires in 12 months. The authorization for the Stock Buy Back Program may be terminated, increased or decreased by the Company’s Board of Directors in its discretion at any time.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ORAMED PHARMACEUTICALS INC. | ||
By: | /s/ Nadav Kidron | |
Name: | Nadav Kidron | |
Title: | President and CEO |
June 26, 2024
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Cover |
Jun. 26, 2024 |
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Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Jun. 26, 2024 |
Entity File Number | 001-35813 |
Entity Registrant Name | ORAMED PHARMACEUTICALS INC. |
Entity Central Index Key | 0001176309 |
Entity Tax Identification Number | 98-0376008 |
Entity Incorporation, State or Country Code | DE |
Entity Address, Address Line One | 1185 Avenue of the Americas |
Entity Address, Address Line Two | Third Floor |
Entity Address, City or Town | New York |
Entity Address, State or Province | NY |
Entity Address, Postal Zip Code | 10036 |
City Area Code | 844 |
Local Phone Number | 967-2633 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock, par value $0.012 |
Trading Symbol | ORMP |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | false |