04:31 PM EST, 11/14/2025 (MT Newswires) -- Thinkific Labs ( THNCF ) said Friday the Toronto Stock Exchange approved a renewal of the company's normal course issuer bid, allowing the company to repurchase up to 3.4-million shares, or about 5% of its issued and outstanding stock as of Nov. 5.

The buyback will run from Nov. 19 to Nov. 18, 2026, or earlier if the limit is reached. Daily purchases will be capped at 12,234 shares, representing 25% of the stock's average daily trading volume between May 1 and Oct. 31.

Thinkific ( THNCF ) said any shares acquired under the NCIB will be cancelled. Under its prior program, which expired Nov. 11, the company repurchased 1,262,116 shares for roughly C$3.2 million at a volume-weighted average price of C$2.45.

The company said it views the renewed NCIB as an opportunity to repurchase shares at attractive prices and potentially increase shareholder value. Thinkific ( THNCF ) also plans to enter an automatic share purchase plan with an independent broker to allow for buybacks during blackout periods.

Under its expiring NCIB, Thinkific ( THNCF ) repurchased 1.26 million of an allowed 2.36-million shares.