Neptune Announces Renewal of Normal Course Issuer Bid
Neptune Digital Assets (NPPTF) has announced the renewal of its Normal Course Issuer Bid (NCIB) program, approved by the TSX Venture Exchange. The company can purchase and cancel up to 11,328,130 common shares, representing 10% of its Public Float, between April 14, 2025 and April 13, 2026.
The company believes its market price may not fully reflect share value and views the NCIB as an attractive use of available funds. Purchases will be made through Haywood Securities Inc. at prevailing market prices, funded through available cash and working capital. Under its previous NCIB that expired April 1, 2025, Neptune purchased 865,500 common shares.
Neptune Digital Assets (NPPTF) ha annunciato il rinnovo del suo programma di Offerta Normale di Acquisto di Azioni (NCIB), approvato dalla Borsa TSX Venture. L'azienda può acquistare e annullare fino a 11.328.130 azioni ordinarie, che rappresentano il 10% del suo flottante pubblico, tra il 14 aprile 2025 e il 13 aprile 2026.
L'azienda ritiene che il suo prezzo di mercato potrebbe non riflettere appieno il valore delle azioni e considera l'NCIB un uso interessante dei fondi disponibili. Gli acquisti saranno effettuati tramite Haywood Securities Inc. ai prezzi di mercato attuali, finanziati tramite disponibilità di cassa e capitale circolante. Sotto il precedente NCIB, scaduto il 1 aprile 2025, Neptune ha acquistato 865.500 azioni ordinarie.
Neptune Digital Assets (NPPTF) ha anunciado la renovación de su programa de Oferta Normal de Compra de Acciones (NCIB), aprobado por la Bolsa de Valores TSX Venture. La compañía puede comprar y cancelar hasta 11,328,130 acciones ordinarias, que representan el 10% de su flotación pública, entre el 14 de abril de 2025 y el 13 de abril de 2026.
La compañía cree que su precio de mercado puede no reflejar completamente el valor de las acciones y considera que el NCIB es un uso atractivo de los fondos disponibles. Las compras se realizarán a través de Haywood Securities Inc. a los precios de mercado vigentes, financiadas con efectivo disponible y capital de trabajo. Bajo su anterior NCIB que expiró el 1 de abril de 2025, Neptune compró 865,500 acciones ordinarias.
네ptune 디지털 자산 (NPPTF)는 TSX 벤처 거래소의 승인을 받은 정상적인 주식 매입 프로그램(NCIB)의 갱신을 발표했습니다. 회사는 11,328,130주의 보통주를 구매하고 취소할 수 있으며, 이는 공공 유통의 10%에 해당합니다. 기간은 2025년 4월 14일부터 2026년 4월 13일까지입니다.
회사는 시장 가격이 주식 가치를 충분히 반영하지 않을 수 있다고 생각하며, NCIB를 사용 가능한 자금의 매력적인 활용으로 보고 있습니다. 구매는 현재 시장 가격으로 Haywood Securities Inc.를 통해 이루어지며, 사용 가능한 현금 및 운영 자본을 통해 자금이 조달됩니다. 2025년 4월 1일에 만료된 이전 NCIB 하에 Neptune은 865,500주를 구매했습니다.
Neptune Digital Assets (NPPTF) a annoncé le renouvellement de son programme d'Achat Normal d'Actions (NCIB), approuvé par la Bourse TSX Venture. La société peut acheter et annuler jusqu'à 11 328 130 actions ordinaires, représentant 10 % de son flottant public, entre le 14 avril 2025 et le 13 avril 2026.
La société estime que son prix de marché ne reflète peut-être pas pleinement la valeur des actions et considère le NCIB comme une utilisation attrayante des fonds disponibles. Les achats seront effectués par l'intermédiaire de Haywood Securities Inc. aux prix du marché en vigueur, financés par des liquidités disponibles et du fonds de roulement. Dans le cadre de son précédent NCIB, qui a expiré le 1er avril 2025, Neptune a acheté 865 500 actions ordinaires.
Neptune Digital Assets (NPPTF) hat die Erneuerung seines Programms zur Normalen Aktienrückkauf-Offerte (NCIB) bekannt gegeben, das von der TSX Venture Exchange genehmigt wurde. Das Unternehmen kann bis zu 11.328.130 Stammaktien erwerben und annullieren, was 10% seines öffentlichen Streubesitzes entspricht, zwischen 14. April 2025 und 13. April 2026.
Das Unternehmen ist der Ansicht, dass sein Marktpreis den Wert der Aktien möglicherweise nicht vollständig widerspiegelt und sieht das NCIB als eine attraktive Verwendung der verfügbaren Mittel. Käufe werden über Haywood Securities Inc. zu den aktuellen Marktpreisen finanziert durch verfügbare Mittel und Betriebskapital getätigt. Im Rahmen des vorherigen NCIB, das am 1. April 2025 abgelaufen ist, kaufte Neptune 865.500 Stammaktien.
- Company has sufficient cash and working capital to fund share buybacks
- Share buyback program could enhance shareholder value and liquidity
- Significant buyback capacity at 10% of public float (11,328,130 shares)
- Current share price potentially undervalues the company according to management
Vancouver, British Columbia--(Newsfile Corp. - April 7, 2025) - Neptune Digital Assets Corp. (TSXV: NDA) (OTCQB: NPPTF) (FSE: 1NW) ("Neptune" or the "Company"), a blockchain leader in Canada, is pleased to announce that the TSX Venture Exchange (the "Exchange") has accepted the Company's notice of intention to renew its Normal Course Issuer Bid ("NCIB") to purchase outstanding common shares of Neptune ("Common Shares") through the facilities of the Exchange or alternative trading systems.
Under the terms of the NCIB, the Company may purchase for cancellation up to 11,328,130 Common Shares, representing
Neptune is renewing the NCIB because it believes that the market price of the Common Shares may not, from time to time, fully reflect their value and, accordingly, the purchase of the Common Shares would be in the best interest of the Company and an attractive and appropriate use of available funds. It is expected that any purchases made by the Company could also enhance value and liquidity for its shareholders.
The purchase and payment for the Common Shares will be made by Neptune through the facilities of the Exchange or alternative trading systems. All purchases by the Company under the NCIB will be made through Haywood Securities Inc., as broker dealer of the Company, and all Common Shares purchased under the NCIB will be cancelled. The price paid for the Common Shares will be, subject to NCIB pricing rules contained in securities laws, the prevailing market price of such Common Shares on the Exchange at the time of such purchase. Neptune intends to fund the purchases out of available cash and working capital.
To the knowledge of Neptune, no director, senior officer or other insider of the Neptune currently intends to sell any Common Shares under the NCIB. However, sales by such persons may occur if the personal circumstances of any such person changes or any such person makes a decision unrelated to these NCIB purchases. The benefits to any such person whose Common Shares are purchased would be the same as the benefits available to all other holders whose Common Shares are purchased.
Under its prior NCIB, which expired on April 1, 2025, the Company purchased an aggregate of 865,500 Common Shares through the facilities of the Exchange and alternative trading systems.
About Neptune Digital Assets Corp.
Neptune Digital Assets Corp. (TSXV: NDA) (OTCQB: NPPTF) (FSE: 1NW) is one of the first publicly traded blockchain companies in Canada and is at the forefront of the cryptocurrency and blockchain landscape. Neptune engages in operations across the digital asset ecosystem including Bitcoin mining, proof-of-stake mining, blockchain nodes, decentralized finance (DeFi), and other associated cutting-edge technology. Our unwavering commitment to innovation and strategic growth enables us to continually explore new opportunities and maximize value for our shareholders. For more information about Neptune Digital Assets Corp., please visit our website at www.neptunedigitalassets.com or follow us on X (@NeptuneDAC).
ON BEHALF OF THE BOARD
Cale Moodie, President and CEO
Neptune Digital Assets Corp.
1-800-545-0941
www.neptunedigitalassets.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Certain information set forth in this news release contains forward-looking statements or information ("forward-looking statements"), including details about the business of the Company. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. In particular, this news release contains forward-looking information which includes but is not limited to: the expected benefits and advantages of the renewed NCIB to the Company and its shareholders; that the Company will repurchase Common Shares pursuant to the renewed NCIB; the commencement and end date of the NCIB. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the Company's control, the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, environmental risks, operational risks, competition from other industry participants, stock market volatility. Although the Company believes that the expectations in its forward-looking statements are reasonable, its forward-looking statements have been based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information and on assumptions the Company believes are reasonable. These assumptions include, but are not limited to: the underlying value of Neptune and its Common Shares; the ability of Neptune to complete purchases under the NCIB. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. Accordingly, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity or achievements. Risks, uncertainties, material assumptions and other factors that could affect actual results are discussed in the Company's public disclosure documents available at www.sedarplus.ca. Furthermore, the forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, the Company does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.
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FAQ
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