Thinkific Labs has introduced a new Automatic Share Purchase Plan under its ongoing Normal Course Issuer Bid. This new plan replaces the existing one, allowing the Vancouver-based technology firm to repurchase its Subordinate Voting Shares during blackout periods or as instructed by the company.
The new plan, managed by Cormark Securities, is designed to streamline the company’s stock buybacks, with a maximum limit of 2.4 million shares, according to a statement from Thinkific. The plan is effective until November, unless terminated earlier. The Canadian company said it remains committed to transparency and compliance with market regulations.
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