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The Westaim Corporation Announces Normal Course Issuer Bid
The Westaim Corporation (“ Westaim ” or the “ Company ”) (TSX...
About this update from Westaim Corporation
[{"type":"text","content":"The Westaim Corporation Announces Normal Course Issuer Bid\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }\n \n\n\n\n The Westaim Corporation (“\n \n Westaim\n \n ” or the “\n \n Company\n \n ”) (TSXV: WED) is pleased to announce that the TSX Venture Exchange (the “\n \n Exchange\n \n ” or “\n \n TSXV\n \n ”) has accepted a notice (the “\n \n Notice\n \n ”) filed by the Company of its intention to make a normal course issuer bid (the “\n \n NCIB\n \n ”). In connection with the NCIB, the Company entered into an automatic share purchase plan (an “\n \n ASPP\n \n ”) with TD Securities Inc. (“\n \n TD\n \n ”) to allow for purchases of its common shares (the “\n \n Shares\n \n ”). In connection with the commencement of the NCIB, the Company will terminate its current normal course issuer bid (the “\n \n Terminated NCIB\n \n ”) which commenced on April 1, 2025.\n \n\n The Notice provides that the Company may, during the 12-month period commencing January 1, 2026 and ending December 31, 2026, or on such earlier date as Westaim completes its purchases or provides notice of termination, purchase up to 1,892,373 Shares in total, representing approximately 10% of Westaim’s public float of Shares as at December 16, 2025. As of the close of business on December 16, 2025, the Company had 33,351,404 Shares issued and outstanding. In accordance with the policies of the Exchange, the Company may not purchase more than 2% of its issued and outstanding Shares during any 30-day period, which as of the date hereof represents approximately 667,028 Shares. The actual number of Shares which may be purchased under the NCIB and the timing of any such purchases will be determined by management of the Company, subject to applicable law and the rules of the TSXV.\n \n\n Under the Terminated NCIB, as of December 16, 2025, Westaim purchased an aggregate of 336,564 Shares. The Company has decided to conclude the Terminated NCIB early to allow for future normal course issuer bids to commence concurrently with the start of each calendar year. Pursuant to the requirements of the TSXV, and to ensure compliance with the purchase limits under the Terminated NCIB...