BlackBerry Comments on Trading Activity at Request of the Industry Regulatory Organization of Canada (IIROC)

Rhea-AI Summary

On January 25, 2021, BlackBerry Limited (NYSE: BB) issued a statement regarding recent stock trading activity following a request from the Investment Industry Regulatory Organization of Canada (IIROC). The company clarified that it is not aware of any undisclosed corporate developments that could explain the recent surge in its share price or trading volume. BlackBerry specializes in intelligent security software and services, securing over 500 million endpoints globally.

Positive

• BlackBerry secures more than 500 million endpoints globally, a significant market presence.
• Company specializes in cybersecurity, a growing industry.

Negative

• Lack of awareness regarding the factors driving increased stock price could signal instability.

WATERLOO, ON, Jan. 25, 2021 /PRNewswire/ -- BlackBerry Limited (NYSE: BB; TSX: BB) is issuing this press release in response to a request by the Investment Industry Regulatory Organization of Canada ("IIROC") to comment on recent trading activity of its stock.

The Company is not aware of any material, undisclosed corporate developments and has no material change in its business or affairs that has not been publicly disclosed that would account for the recent increase in the market price or trading volume of its common shares.

About BlackBerry
BlackBerry (NYSE: BB; TSX: BB) provides intelligent security software and services to enterprises and governments around the world. The company secures more than 500M endpoints including over 175M cars on the road today.  Based in Waterloo, Ontario, the company leverages AI and machine learning to deliver innovative solutions in the areas of cybersecurity, safety and data privacy solutions, and is a leader in the areas of endpoint security management, encryption, and embedded systems.  BlackBerry's vision is clear - to secure a connected future you can trust.

BlackBerry. Intelligent Security. Everywhere. 

For more information, visit BlackBerry.com and follow @BlackBerry.  

Trademarks, including but not limited to BLACKBERRY, EMBLEM Design and QNX are the trademarks or registered trademarks of BlackBerry Limited, its subsidiaries and/or affiliates, used under license, and the exclusive rights to such trademarks are expressly reserved. All other trademarks are the property of their respective owners. BlackBerry is not responsible for any third-party products or services.

Contact:
BlackBerry Investor Relations
+1 (519) 888-7465
Investor_relations@BlackBerry.com

BlackBerry Media Relations
+1 (519) 597-7273
mediarelations@BlackBerry.com

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SOURCE BlackBerry Limited

FAQ

What prompted BlackBerry to comment on its trading activity on January 25, 2021?

BlackBerry issued a statement in response to a request from the Investment Industry Regulatory Organization of Canada (IIROC).

Does BlackBerry have any undisclosed corporate developments as of January 25, 2021?

BlackBerry stated that it is not aware of any material, undisclosed corporate developments affecting its business.

What is BlackBerry's stock symbol?

BlackBerry's stock symbol is BB, listed on NYSE and TSX.

How many endpoints does BlackBerry secure?

BlackBerry secures over 500 million endpoints globally, including 175 million vehicles.