Canton Strategic Holdings Authorizes $50 Million Share Repurchase Program

On June 11, 2026, Canton Strategic Holdings, Inc. (NASDAQ: CNTN) announced that its Board of Directors authorized a share repurchase program for up to $50 million of the company's outstanding common stock. Under the program, the company is authorized to repurchase shares through open market purchases or privately negotiated transactions in accordance with Rule 10b-18. In connection with this authorization, the company entered into a Rule 10b-18 Repurchase Agreement with Virtu Americas LLC on June 12, 2026, to act as a non-exclusive agent for these transactions. The company will pay the broker a commission of $0.02 per share. The program does not obligate the company to repurchase any specific number of shares and may be modified or terminated at any time. Canton Strategic Holdings operates in both the blockchain space, leveraging Canton Coin, and in clinical-stage biotech research and development. This repurchase program is intended to return capital to shareholders and reflects management's confidence in the company's platform and long-term value.