08:30 AM EDT, 08/14/2024 (MT Newswires) -- VerticalScope ( VFORF ) on Wednesday said the Toronto Stock Exchange approved the company's renewal of it normal course issuer bid (NCIB).

The company is authorized to purchase up to 931,151 of its subordinate voting shares, which represents 5% of the outstanding shares as of Aug. 2.

The company may acquire, from time to time, up to 5,715 shares per day, subject to certain exceptions, including block purchase exceptions.

Pursuant to the terms of the company's credit facilities, it may expend no more than 6% of the net cash proceeds from public equity offerings, including its initial public offering, to acquire shares under the NCIB.