Recent micro-cap and nano-cap authorizations
Sourced live from SEC EDGAR. Sorted by % of market cap — the metric that matters at this scale.
| Ticker | Company | Sector | Market cap | Authorization | % of cap | Source |
|---|---|---|---|---|---|---|
| INGN | Inogen Inc | Medical devices | ~$143M | $45.0M | 31.5% | 8-K · Sep 2026 |
| APT | Alpha Pro Tech, Ltd. | Healthcare PPE | $51M | $2.7M | 5.3% | 8-K · 2026 |
| TRAK | ReposiTrak, Inc. | Software | ~$152M | $21.0M | 13.8% | 8-K · Sep 2026 |
| KIDZ | Classover Holdings, Inc. | AI / EdTech | ~$70M | $2.0M | 2.9% | 8-K · 2026 |
Source: BuybackStocks editorial coverage of SEC EDGAR filings. New authorizations appear here within minutes of EDGAR receipt. Market cap figures approximate at time of announcement.
The math: why small-cap repurchases matter more
The same 5% authorization announcement produces fundamentally different outcomes at small-cap versus mega-cap scale. Here's why.
📐 A 5% authorization, two outcomes
EPS gets a structural ~5% boost. Stock-based comp at small-caps is usually 0.5%-1.5% of cap, so the repurchase is mostly real share-count reduction.
SBC dilution at mega-caps runs 2-4% of cap per year. Half or more of the 5% authorization just neutralizes that dilution. Net share-count drop is much smaller.
This is why we focus on small-cap. The signal-to-noise ratio of an authorization announcement is dramatically higher when the company is small enough that the repurchase is actually capital return — not dilution offset.
What we look for in a small-cap repurchase signal
Not every small-cap repurchase authorization is meaningful. Here are the four signals we filter on.
1. Authorization ≥ 5% of cap
Below 5%, the program is more likely SBC-offset than real capital return. We surface authorizations of 5%+ first.
2. Cash > authorization
If the authorization is larger than the company's cash balance, it's signaling — not executable. We flag programs with adequate balance-sheet support.
3. Insider buying alongside
The strongest signal: repurchase authorized AND insiders open-market buying. Indicates management has high conviction beyond just optics.
4. Execution follow-through
Many small-caps announce and never execute. We track 10-Q issuer-purchase tables 1-2 quarters later to surface programs that are actually deploying capital, not just signaling.
Compare: mega-cap context
Always look at the small-cap signal next to mega-cap behavior. All repurchases dashboard includes mega-cap programs as a comparison reference.
Read the source filings
Every editorial summary links directly to the SEC EDGAR filing. Latest filings chronological feed.
Get The 2026 Small-Cap Repurchase Playbook
The full framework for evaluating small-cap repurchase signals: share-count math, executable-vs-signaling criteria, sector-by-sector context, plus the 4-signal filtering system applied to recent micro and small-cap authorizations.
Send me the insider alerts →How small-cap repurchase coverage differs from mega-cap coverage
The mainstream financial press — CNBC, Bloomberg, MarketWatch, MarketBeat — covers mega-cap repurchases because the dollar amounts are headlines. We cover small-cap because that's where the math actually matters. Here are the practical differences in how we report each:
| Coverage Dimension | Small-Cap (our focus) | Mega-Cap (reference) |
|---|---|---|
| Primary metric | % of market cap | Total $ committed |
| Signal threshold | 5%+ of cap = noteworthy | $10B+ = headline-worthy |
| Share-count impact | Often material (3-10% reduction) | Often minimal after SBC offset |
| Price reaction | Can be 5-15% on announcement | Usually 0-3% on announcement |
| Editorial competition | Almost no dedicated coverage | Saturated coverage everywhere |
| Most common form | 8-K with smaller-dollar authorizations | 8-K with multi-billion authorizations |
Related coverage
Mega-Cap Repurchases (reference)
The big programs — Apple, Alphabet, NVIDIA, JPM, Meta. Tracked as a comparison reference for the small-cap math.
Latest SEC Filings
Chronological feed of every repurchase-related filing. Updated every 5 minutes from EDGAR.
Glossary
Rule 10b-18, Accelerated Share Repurchase, Form 8-K, Form 10-Q, Stress Capital Buffer, Payout Ratio.