Overview
- BlackBerry, which received TSX approval Friday, can repurchase up to 26,785,714 shares, equal to about 4.58% of its public float.
- The renewed program, known in Canada as a normal course issuer bid, starts May 12, 2026 and can run until May 11, 2027, with any bought shares canceled.
- The company may buy on the TSX, NYSE, and other venues, with a TSX daily cap of 563,825 shares based on recent average volume.
- Under the prior program that ends May 11, 2026, BlackBerry bought 18.1 million shares at a weighted average price of $3.85.
- Shares rose after the news, closing at $6.21, up 1.81%, after an intraday move above $6.50 reported by market trackers.