DatChat, Inc. Provides Update on Share Repurchase Program
Jersey Desk/10227183

NEW BRUNSWICK, N.J. ~ DatChat Inc., a blockchain, metaverse, and social media company, has announced an update on its $2 million share repurchase program. The program was authorized by the Company's Board of Directors on January 6, 2023.

As of 5/31/2023, the Company has purchased 667,691 shares of common stock at an average price of $0.5949 per share. The Company may purchase additional shares from time to time in open market transactions or other means in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934 and Rule 10b-18 of the Exchange Act. The timing, number of shares repurchased, and prices paid for the stock under this program will depend on general business and market conditions as well as corporate and regulatory limitations, including blackout period restrictions.

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DatChat Inc. focuses on protecting privacy on personal devices as well as user information after it is shared with others. Its patented technology offers users a traditional texting experience while providing control and security for their messages. With DatChat Messenger, a user can decide how long their messages last on a recipient's device while feeling secure that at any time they can delete individual messages or entire message threads, making it like the conversation never happened.
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