Thinkific Labs (TSE:THNC) has released an update.
Thinkific Labs Inc. has successfully completed a substantial issuer bid, repurchasing C$47.83 million worth of its shares to enhance shareholder value and focus on a profitable growth strategy. The transaction, which saw the cancellation of around 15.95% of its outstanding shares, positions the company for a more direct correlation between share valuation and company performance. Post-offer, key stakeholders’ ownership percentages have been adjusted, with no change in the tax implications previously disclosed to shareholders.
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