Logistic Properties of the Americas Announces Share Repurchase Program
Ticker: LPA · Form: 6-K · Filed: Nov 25, 2024 · CIK: 1997711
Sentiment: neutral
Topics: share-repurchase, corporate-action
TL;DR
LPA is buying back its own stock, subject to NYSE rules.
AI Summary
On November 25, 2024, Logistic Properties of the Americas (LPA) announced its Board of Directors has adopted a share repurchase program. This program is subject to NYSE American rules and applicable securities laws and regulations.
Why It Matters
A share repurchase program can signal management's confidence in the company's valuation and potentially increase earnings per share.
Risk Assessment
Risk Level: low — The filing is an announcement of a standard corporate action (share repurchase) and does not contain immediate financial risks.
Key Players & Entities
- Logistic Properties of the Americas (company) — Registrant
- LPA (company) — Abbreviation for Logistic Properties of the Americas
- November 25, 2024 (date) — Announcement date
- NYSE American (company) — Exchange where shares are listed and program is subject to its rules
FAQ
What is the primary purpose of this Form 6-K filing?
This Form 6-K filing is to announce that Logistic Properties of the Americas' Board of Directors has adopted a share repurchase program.
When was the share repurchase program announced?
The share repurchase program was announced on November 25, 2024.
What are the conditions for the share repurchase program?
The program is subject to the rules of NYSE American and applicable securities laws and regulations.
What is the exact name of the registrant?
The exact name of the registrant is Logistic Properties of the Americas.
Under which rule is this Form 6-K filed?
This Form 6-K is filed pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934.
Filing Stats: 275 words · 1 min read · ~1 pages · Grade level 15.7 · Accepted 2024-11-25 07:45:38
Filing Documents
- form6-k.htm (6-K) — 20KB
- ex99-1.htm (EX-99.1) — 15KB
- 0001493152-24-047544.txt ( ) — 36KB
From the Filing
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of November 2024 Commission File Number: 001-41995 Logistic Properties of the Americas (Exact name of registrant as specified in its charter) 601 Brickell Key Drive Suite 700 Miami, FL 33131 (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F Form 40-F EXPLANATORY NOTE On November 25, 2024, Logistic Properties of the Americas (“LPA”) published a press release announcing the adoption of a share repurchase program (the “Program”) by its Board of Directors, subject to the rules of NYSE American and applicable securities laws and regulations. A copy of this press release is attached as Exhibit 99.1 to this Form 6-K. The information in this Form 6-K shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act. EXHIBIT INDEX Exhibit No. Description 99.1 Press Release of Logistic Properties of the Americas dated November 25, 2024 SIGNATURE 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, thereunto duly authorized. Logistic Properties of the Americas By: /s/ Esteban Saldarriaga Name: Esteban Saldarriaga Title: Chief Executive Officer Date: November 25, 2024