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CLEAR Secure, Inc. (NYSE:YOU), ("CLEAR ", or "The Company"), the secure identity company, announced the repurchase of 4,000,000 shares of Class A Common Stock in the third quarter of 2024 pursuant to a block share purchase agreement with Delta Air Lines, Inc. ("Delta") (NYSE:DAL).
Delta continues to own 4,277,958 shares of CLEAR's Class C Common Stock.
CLEAR announced that its Board of Directors authorized a $100 million increase to its existing Class A Common Stock share repurchase program. Pro forma for the Delta repurchase, approximately $100 million in aggregate remains available under the repurchase authorization.
