Badger Infrastructure announces acceptance of notice to make NCIB

Badger Infrastructure Solutions announced it intended to file with the Toronto Stock Exchange a notice of intention to make a normal course issuer bid. The Exchange accepted the Notice providing for the purchase and cancellation by Badger of up to 861,836 common shares in the capital of the Company during the period commencing on August 26, 2024 and ending on the earlier of: August 25, 2025; the date on which the number of Common Shares that Badger intends to acquire under its bid have been purchased; and the date on which the Company terminates its bid at its option . The Company believes that, from time-to-time, the market price of its Common Shares may not fully reflect the underlying value of its business, and that purchases of Common Shares for cancellation may provide an opportunity to enhance long-term shareholder returns. The maximum number of Common Shares that may be purchased and cancelled under the NCIB represents approximately 2.5% of the 34,473,438 Common Shares issued and outstanding as at August 12, 2024. The aggregate number of Common Shares that the Company may purchase under the NCIB on any trading day is subject to a maximum daily purchase limit of 15,502 Common Shares. Exceptions may be made to this daily purchase limit in accordance with the “block” purchase exemptions of the Exchange’s Company Manual.