Hydreight Announces Normal Course Issuer Bid

Executive Summary

• Hydreight Technologies Inc. announced a normal course issuer bid to repurchase up to 4,951,189 common shares (≈9.27% of outstanding shares, ≈10.0% of public float).
• The bid will run from March 12 2026 through March 11 2027 and will be funded from existing working capital, with purchases made at prevailing market prices on the TSX Venture Exchange.
• Management believes the buy‑back will help support an orderly market for the shares and create additional value for shareholders.

Key Details

• Bid Scope: Up to 4,951,189 common shares (≈9.27% of total outstanding shares; ≈10.0% of the 49,511,894‑share public float).
• Timeline: Commences March 12 2026; terminates March 11 2027 (or earlier if completed or at company’s option).
• Execution Agent: Research Capital Corporation (Vancouver, BC) will conduct the bid on behalf of Hydreight.
• Purchase Method: Open‑market purchases on the TSX Venture Exchange using existing working capital; price paid equals prevailing market price at time of each purchase.
• Regulatory Disclosure: Summary of the bid to be included in the management information circular for the next shareholders’ meeting, per exchange policies.
• Purpose Statement: Company believes the repurchase may facilitate an orderly market and is in the best interests of shareholders; may act if share price does not reflect underlying value.
• CEO Comment (Shane Madden): Emphasized strong operational momentum, belief that current market price undervalues the business, and that the bid provides disciplined capital allocation while adding shareholder value.

Notable Quotes

“Hydreight has continued to demonstrate strong operational momentum as we scale our digital health infrastructure platform across the United States… The normal course issuer bid provides us with the flexibility to allocate capital in a disciplined manner while creating additional value for our shareholders.” – Shane Madden, Director and Chief Executive Officer

Materiality Assessment: Material – Positive (share repurchase program likely viewed as a positive signal regarding confidence in intrinsic value and future cash flow).