IZEA launches stock buyback offer up to $8.7 million

ORLANDO, Fla. - IZEA Worldwide, Inc. (NASDAQ: IZEA), an influencer marketing company with a strong balance sheet showing more cash than debt, has initiated a modified Dutch auction tender offer to repurchase up to $8,700,000 of its common stock. The offer, which started today, invites shareholders to sell their shares back to the company at a price ranging from $2.30 to $2.80 per share. According to InvestingPro data, IZEA’s current stock price stands at $2.92, with the company maintaining a healthy current ratio of 5.16, indicating strong liquidity.

This price range is noteworthy as the maximum price represents approximately 120% of IZEA’s 90-day volume-weighted average purchase price of $2.29 per share leading up to May 12, 2025. The tender offer is set to expire on June 16, 2025, at 5:00 p.m., Eastern Time, unless it is extended or terminated earlier by the company. The stock has shown significant momentum, gaining over 26% in the past week, though InvestingPro analysis indicates the stock is currently in overbought territory.

Shareholders have the option to tender all or a portion of their shares within the stated price range. IZEA will then select the lowest single per-share price that will enable it to buy back the maximum dollar amount of shares properly tendered, ensuring that all shares accepted in the offer are purchased at the same price. While analysts maintain a bullish outlook with a price target of $8.75, investors seeking deeper insights can access comprehensive analysis and additional ProTips through InvestingPro’s detailed research reports.

This stock repurchase is being conducted in accordance with the Offer to Purchase and related materials that IZEA will file with the Securities and Exchange Commission (SEC). These documents will provide detailed information and instructions on how stockholders can participate in the offer.

Stockholders are urged to read the tender offer statement on Schedule TO, the Offer to Purchase, and associated documents carefully, as they contain important information regarding the offer’s terms and conditions. These documents will be available for free on the SEC’s website at www.sec.gov or from the information agent for the offer, MacKenzie Partners.

The commencement of this offer follows IZEA’s ongoing efforts to enhance value for its shareholders. It is important to note that the offer will not be extended to any jurisdiction where the solicitation or sale is not permitted by law.

This press release serves as an informational announcement and is not an offer to buy or a solicitation of an offer to sell any securities of IZEA. The tender offer is based solely on the Offer to Purchase, letter of transmittal, and related documents as filed with the SEC.

For further information, stockholders may contact the information agent, MacKenzie Partners, by phone or email as provided in the press release statement from IZEA Worldwide, Inc.

In other recent news, IZEA Worldwide Inc. reported a notable 23.7% year-over-year increase in Q4 2024 revenue, reaching $11 million. Despite this growth, the company faced an annual net loss of $18.9 million, up from $7.4 million in 2023. Total annual revenue slightly declined by 1% to $35.9 million. The company has undertaken significant cost-cutting measures, saving $5.1 million annually, which include a 32-position workforce reduction and divestment from its Australian subsidiary. In addition to these financial results, IZEA announced its intention to repurchase up to $8.7 million of its common stock through a modified Dutch auction tender offer, set to commence on May 16, 2025. This move is part of a broader $10 million stock buyback program. As part of its strategic focus, IZEA is concentrating on the U.S. market to mitigate geopolitical risks. The company has also secured new business from major clients such as Nestle and Warner Brothers.

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