HONG
KONG, Feb. 28, 2023 /PRNewswire/ -- Metalpha
Technology Holding Limited (NASDAQ: MATH) (the "Company" or
"Metalpha"), a digital asset management service provider, today
announced that its board of directors has authorized a share
repurchase program under which the Company may repurchase up to
US$5 million of its shares over the
next 12 months, following the post-completion of its mainland
China business divestiture .
"We are uniquely positioned in the industry as we set foot
in between traditional finance and digital assets space. As a
NASDAQ-listed company, the Company follows the stringent compliance
standards as required by the U.S. regulators. Despite a challenging
2022 for the industry, our business has shown resilience and
continued to grow. This share repurchase program is a strategic
move to welcome more investors to follow our growth journey." said
Adrian Wang, President of
Metalpha.
"Entering 2023, the pace of global economic recovery remains
challenging and unpredictable, we hope more investors hear about
the new initiatives at Metalpha and our stock repurchase program,
which is designed to build long-term value for our shareholders. It
is also an efficient way to use capital to improve our stock value,
which we believe is currently undervalued," said Chief Operating
Officer of the Company, Ming Ni.
Metalpha aims to provide customers with high-quality product
design and trading capabilities in the industry and is committed to
delivering the best structured derivative products to
cryptocurrency market participants.
About Metalpha Technology Holding Limited
Founded in 2015, Metalpha Technology Holding Limited (NASDAQ:
MATH) went public on October 20,
2017. The listed Company is dedicated to providing investing
and wealth management services with a full-service,
institutional-grade platform. With dedicated blockchain expertise,
the Company aims to become a leader in the field of
crypto wealth management services, bringing robust
innovation and transparency to the customers and businesses
it serves.
Forward-Looking Statements
Certain statements in this announcement are forward-looking
statements. These forward-looking statements involve known and
unknown risks and uncertainties, including the further spread of
the COVID-19 virus or new variants thereof, or the occurrence of
another wave of cases and the impact it may have on the Company's
operations and the demand for the Company's services, and are based
on current expectations and projections about future events and
financial trends that the Company believes may affect its financial
condition, results of operations, business strategy, and financial
needs. Investors can identify these forward-looking statements by
words or phrases such as "may," "will," "expect," "anticipate,"
"aim," "estimate," "intend," "plan," "believe," "potential,"
"continue," "is/are likely to," or other similar expressions. The
Company undertakes no obligation to update forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as may be required by law.
Although the Company believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and the
Company cautions investors that actual results may differ
materially from the anticipated results and encourages investors to
review other factors that may affect its future results in the
Company's registration statement and its other filings with the
U.S. Securities and Exchange Commission.
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SOURCE Metalpha Technology Holding Limited
