Izea announces final results of modified dutch auction tender

IZEA (IZEA) Worldwide announced the preliminary results of its modified “Dutch auction” tender offer to repurchase up to 8,700,000 of its common stock at a price of $2.80 per share, less any applicable withholding taxes and without interest, using cash on hand. The Offer expired at 5:00 P.M., Eastern time, on June 16, 2025. Based on the Final count by Broadridge Financial Solutions, the depositary for the Tender Offer, a total of 38,682 shares were properly tendered and not properly withdrawn in the Tender Offer. In accordance with the terms and conditions of the Tender Offer, the Company has accepted for purchase 38,682 shares in the Tender Offer for an aggregated cost of approximately $108,310, excluding all fees and expenses. The shares acquired pursuant to the Tender Offer represent approximately 0.23% of the Company’s outstanding shares as of June 16, 2025. The Depositary will promptly issue payment in cash for the shares validly tendered and accepted for purchase in the Tender Offer, less any applicable withholding taxes and without interest. Shares tendered and not accepted for purchase will be returned promptly to stockholders by the Depositary in accordance with applicable law. Following the purchase of shares in the Tender Offer, approximately $8.6 million will remain outstanding under the Company’s stock repurchase obligations.