KIDZ AI Inc.
(NASDAQ:KIDZ) stock extended its rally in Tuesday's premarket session, rising 10.78% after surging 42.95% in the previous trading session.
The gains came after the company outlined plans to expand its share repurchase program and said its current market capitalization remains well below its estimated net cash position, underscoring what it views as a significant disconnect between its market value and underlying cash holdings.
KIDZ AI Net Cash Nearly Triples Market Value KIDZ AI estimated a net cash position of ~$13.7 million as of July 24.
The figure included about $11.3 million in cash and $3.0 million in USDC stablecoins, totaling roughly $14.3 million before deducting $600,000 in notes payable.
