Clear Secure, Inc. (NYSE: YOU) recently announced a $100 million increase to its Class A Common Stock share repurchase program, with $141 million remaining available for repurchase. The company used $84.9 million in the first quarter of 2024 to repurchase 4.4 million shares of Class A Common Stock. President and CFO, Kenneth Cornick, highlighted the company’s commitment to capital allocation with this increase.
CLEAR’s mission is to provide frictionless experiences for its 20 million members and partners worldwide. Their identity platform aims to simplify everyday experiences, whether traveling, at the stadium, or on a phone. CLEAR prioritizes privacy by ensuring members remain in control of their own information and does not sell member data. For more information, visit clearme.com.
This announcement also included a reminder for investors that forward-looking statements may contain risks and uncertainties, which could impact future results. The company encourages investors to review the Risk Factors section in their SEC filings for more information. CLEAR is dedicated to keeping its shareholders informed and updated on any developments.
For more information on this press release, please contact Investor Relations or the Media team through the provided contact information. Stay updated on CLEAR’s latest news and initiatives by visiting their website.
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