D-BOX Technologies Announces Normal Course Issuer Bid

About this update from D-box Technologies Inc. Class A

D-BOX Technologies Announces Normal Course Issuer Bid MONTREAL, March 23, 2026 (GLOBE NEWSWIRE) -- D-BOX Technologies Inc. (“D-BOX” or the “Corporation”) (TSX:DBO) today announced that the Toronto Stock Exchange (the “TSX”) has accepted the Corporation's Notice of Intention to make a normal course issuer bid (the “NCIB”). The NCIB will commence on March 27, 2026 and will terminate on March 26, 2027, or such earlier date as the Corporation may complete its purchases pursuant to the Notice of Intention filed with the TSX. Under the NCIB, the Corporation is authorized to purchase up to 20,960,088 Class A common shares (out of the 222,939,072 Class A common shares outstanding as at March 20, 2026), representing approximately 10% of the Corporation’s public float of 209,600,883 Class A common shares as at March 20, 2026, by way of normal course purchases effected through the facilities of the TSX and/or alternative Canadian trading systems. Daily purchases on the TSX will be limited to a maximum of 193,502 Class A common shares, representing 25% of the average daily trading volume on the TSX for the six months ended February 28, 2026 (being 774,009 Class A common shares), except where purchases are made in accordance with the “block purchase exception” of the TSX rules. All Class A common shares purchased by the Corporation under the NCIB will be cancelled. In deciding to establish the NCIB, the Corporation believes that the market price of the Class A common shares may not, from time to time, fully reflect their underlying value and accordingly the purchase of the Class A common shares would be in the best interests of the Corporation. The Corporation maintains a strong cash position, and the Board of Directors of D-BOX believes that the repurchase of shares for cancellation is an attractive and effective use of available capital to enhance long-term shareholder value. Purchases will be made by the Corporation in accordance with the requirements of the TSX and the price which the Corporation will pay for any such Class A common shares will be the market price of any such Class A common shares at the time of acquisition. The actual number of Class A common shares which may be purchased under the NCIB and the timing of any such purchases will be determined by the management of the Corp...

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