D-BOX Technologies Announces Normal Course Issuer Bid

Executive Summary

• D‑BOX Technologies Inc. announced that the Toronto Stock Exchange has accepted its Notice of Intention to commence a Normal Course Issuer Bid (NCIB) starting March 27, 2026 and ending March 26, 2027.
• The NCIB authorizes the purchase and cancellation of up to 20,960,088 Class A common shares – roughly 10% of the public float – with daily purchase limits tied to average trading volume.
• The company will use an Automatic Securities Purchase Plan (ASPP) to facilitate purchases when insider‑trading restrictions apply, emphasizing that repurchases are viewed as an attractive use of cash to enhance long‑term shareholder value.

Key Details

• NCIB Scope: Up to 20,960,088 Class A common shares may be purchased and cancelled (≈10% of the public float of 209,600,883 shares).
• Timing: Commencement on March 27, 2026; termination on March 26, 2027, or earlier if the full amount is repurchased.
• Daily Purchase Limit: Maximum of 193,502 shares per day (25% of average daily volume of 774,009 shares for the six months ended Feb 28, 2026), subject to TSX “block purchase exception.”
• Purchase Price: Shares will be bought at prevailing market prices on the acquisition dates.
• Cancellation: All shares acquired under the NCIB will be cancelled, reducing outstanding share count.
• Cash Position: The Board cites a strong cash position and views the repurchase as an effective capital allocation to boost shareholder value.
• ASPP Arrangement: An Automatic Securities Purchase Plan will be entered into with the company’s designated broker to enable purchases during periods when normal insider‑trading restrictions would otherwise apply. The ASPP is pre‑cleared by the TSX and qualifies as an “automatic plan” under Canadian securities legislation.
• Historical Context: D‑BOX has not executed a NCIB in the prior 12 months.

Notable Quotes

(No direct quotes were provided in the release.)