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Gogo Repurchases 1.5 Million Shares of Common Stock from BlackRock

PR Newswire - Thu Sep 15, 2022

BROOMFIELD, Colo., Sept. 15, 2022 /PRNewswire/ -- Gogo Inc. (NASDAQ: GOGO) ("Gogo" or the "Company"), the world's largest provider of broadband connectivity services for the business aviation market, today announced that it has agreed to repurchase 1,500,000 shares of Common Stock owned by affiliates of BlackRock, Inc. ("BlackRock"), in a private transaction, for an aggregate purchase price of $18,345,000, or $12.23 per share (the "Repurchase"). The closing of the Repurchase will take place on or before September 21, 2022. The Repurchase is expected to be funded with cash on hand.

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