Tucows Announces $40 Million Stock Buyback Program

Core Points - Tucows Inc. has announced a new stock buyback program to repurchase up to $40 million of its common stock in the open market [1][2] - The buyback program will start on February 14, 2025, and will end on or before February 13, 2026 [2] - The previous buyback program, also worth$40 million, which began on February 23, 2024, has been terminated [2] Buyback Program Details - Purchases will be made exclusively through the Nasdaq Capital Market and will depend on available cash and market conditions [2][3] - Tucows may suspend or discontinue the repurchases at any time, particularly if it is deemed to be making an acquisition of its own shares under relevant regulations [3] - All shares purchased will be retired and returned to treasury [2] Financial Information - The buyback will be funded from available working capital and existing credit facilities [4] - As of February 12, 2025, Tucows had 11,030,156 common shares outstanding [4] Company Overview - Tucows provides internet access through various services including communications technology, domain services, and fiber-optic internet infrastructure [5] - The company operates Ting, which offers fixed fiber Internet access, and Wavelo, a telecommunications software suite [5] - Tucows Domains manages approximately 25 million domain names through a global reseller network [5]