biote Corp. (NasdaqGM:BTMD) announces a share repurchase program. Under the program, the company will repurchase up to 8,300,000 shares for $60 million worth of its Paired Interests and/or Class A Shares from Marci M. Donovitz.

The shares will be repurchased at an average price of $7.23 per share. The repurchases will be funded with its existing capital allocation strategy. The repurchase program will be valid for 3 years.