Manhattan Bridge Capital Inc.

10/09/2026 | Press release | Distributed by Public on 10/09/2026 05:05

Material Event (Form 8-K)

Item 8.01. Other Events.

On October 9, 2026, Manhattan Bridge Capital, Inc. (the "Company") announced that the Company's Board of Directors approved an increase in the aggregate number of shares authorized for repurchase under the Company's existing share buyback program (the "Share Buyback Program") from 100,000 common shares to 250,000 common shares and extended the term of the Share Buyback Program for an additional 12 months, pursuant to which the Company may, from time to time, purchase up to 250,000 of its common shares in the aggregate. Share repurchases may be executed through various means, including, without limitation, open market transactions, privately negotiated transactions or otherwise. The Share Buyback Program does not obligate the Company to purchase any shares and will expire 12 months from the date of the Board's approval of the extension. The authorization for the Share Buyback Program may be terminated, increased or decreased by the Company's Board of Directors in its discretion at any time.

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