09:54 AM EDT, 08/12/2024 (MT Newswires) -- Thinkific Labs ( THNCF ) , a platform for creating, marketing and selling online learning products, on Monday said it has terminated the automatic share purchase plan (ASPP) previously entered into with Cormark Securities, establishing a new ASPP with the broker.

The company set up the original ASPP as part of a normal course issuer bid announced on Nov. 10, 2023.

Under the new ASPP, the broker can purchase subordinate voting shares during blackout periods implemented under the company's insider trading policy and outside of blackout periods only when instructed by the company.

The new ASPP will end on Nov. 8 or earlier if the aggregate number of shares purchased under the NCIB reaches the maximum limit or if the NCIB has been terminated by the company.

Under the NCIB, the company may purchase for cancellation up to an aggregate of 2.4 million shares, representing approximately 10% of the public float as of Oct. 30, 2023.

Price: 3.18, Change: -0.03, Percent Change: -0.93