CAPE TOWN, South Africa (May 13, 2026) - Leatt Corporation (OTCQB: LEAT), a leading developer and marketer of head-to-toe protective equipment for MOTO, MTB, ADV, and a wide range of extreme and high-velocity sports, today announced that its Board of Directors has authorized a new share repurchase program of the Company's outstanding common stock.
"We are pleased that our Board of Directors has authorized the continuation of our previously announced share repurchase program which authorized a repurchase of common stock to the value of $ 750,000," said Sean Macdonald, Chief Executive Officer. "The Board approved the new shareholder repurchase plan of up to $419,410 of the Company's outstanding common stock, which is the balance remaining of the previous plan. We believe that this demonstrates our continued confidence in the strength of the Company and our business plan, as well as our commitment to enhance long-term shareholder value."
Repurchases may be made from time to time at the discretion of the Board of Directors through open-market transactions in accordance with applicable securities laws. The repurchase program expires on December 31, 2026, and can be suspended or discontinued at any time prior to the expiration date. There can be no assurance as to the timing or number of shares of any repurchases, if any.
About Leatt Corp
Driven by the science of thrill, Leatt Corporation develops head-to-toe personal protective gear for various sports, with a focus on mountain biking and extreme motorsports. This includes the award-winning Leatt-Brace®, a neck brace system considered the gold standard for neck protection when worn in conjunction with a helmet. Leatt products are designed for participants in extreme sports that use motorcycles, bicycles, mountain bikes, all-terrain vehicles, snowmobiles, and other open-air vehicles.
For more information, visit www.leatt.com.
