Buffalo to cancel 650,000 treasury shares, reducing outstanding count

Buffalo, a company under Melco Holdings, has resolved to cancel 650,000 shares of its common stock, effective October 31, 2025. This cancellation represents 5.08% of the total outstanding shares prior to the reduction. The decision was made at a board meeting held on October 14, 2025.

The company stated that the purpose of this cancellation is to prepare for a flexible capital strategy, mitigate future stock dilution concerns, and improve the free-float ratio.

Following the cancellation, Buffalo's total outstanding shares will be 12,150,000 shares. The number of treasury shares after the cancellation will be 56,388 shares, calculated based on the treasury share count as of September 30, 2025.