Onity Group Inc. Authorizes $50 Million Share Repurchase Program Amid Pending Transaction

Onity Group Inc. announced an update regarding its pending reverse transaction and the authorization of a new share repurchase program on Tuesday. The company confirmed that it continues to progress toward the completion of the transaction while simultaneously initiating a plan to buy back up to $50 million of its outstanding common stock.

The board of directors approved the repurchase program, which allows the company to acquire shares through open market purchases, privately negotiated transactions, or other methods depending on market conditions and regulatory requirements. Onity Group stated that the program does not have a fixed expiration date and may be suspended or discontinued at any time. Regarding the reverse transaction, the company reported that it is currently finalizing the necessary regulatory filings and closing conditions. Management indicated that the transaction remains subject to customary approvals and expects to provide further updates as the process moves toward completion.

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Date: June 2, 2026

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GOAI