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xTAO Announces Commencement of Normal Course Issuer Bid
xTAO Announces Commencement of Normal Course Issuer Bid Canada NewsWire GRAND CAYM...
About this update from Xtao Inc.
xTAO Announces Commencement of Normal Course Issuer Bid /* Style Definitions */ span.prnews_span { font-size:8pt; font-family:"Arial"; color:black; } a.prnews_a { color:blue; } li.prnews_li { font-size:8pt; font-family:"Arial"; color:black; } p.prnews_p { font-size:0.62em; font-family:"Arial"; color:black; margin:0in; } Canada NewsWire GRAND CAYMAN, Cayman Islands, July 3, 2026 /CNW/ - xTAO Inc. (TSXV: XTAO.U) (OTC: XTAIF) (the "Company" or "xTAO"), a publicly traded technology company focused on building infrastructure for Bittensor and its decentralized AI ecosystem, today announced that, further to its news release dated June 18, 2026, it has received TSX Venture Exchange ("TSX-V") approval to proceed with a normal course issuer bid (the "NCIB") to purchase for cancellation, from time to time, as the Company considers advisable, up to 1,427,609 common shares of the Company ("Common Shares"), representing approximately 5% of the Company's currently issued and outstanding common shares. Purchases of Common Shares will be made on the open market through the facilities of the TSX-V, in compliance with regulatory requirements at the prevailing market price of the Common Shares at the time of acquisition. The actual number of Common Shares that may be purchased for cancellation and the timing of any such purchases will be determined by the Company and will depend on prevailing market conditions.The NCIB commenced on June 30, 2026 and will remain in effect until the earlier of (i) the date that is 12 months following commencement of the NCIB, (ii) the date on which the Company acquires the maximum number of Common Shares permitted under the NCIB, or (iii) the date upon which the Company provides written notice of termination of the NCIB to the TSX-V. The Company has retained Ventum Financial Corp. as its designated broker to execute purchases pursuant to the NCIB on its behalf.To the Company's knowledge, none of the directors, senior officers or insiders of the Company, or any associate of such person, or any associate or affiliate of the Company, has any present intention to sell any Common Shares under the NCIB. The Company has not purchased any Common Shares during the 12 months preceding the date of this news release.About xTAOxTAO is a technology company building infrastructure for the Bittensor ecosystem. xTAO is committed to advancing Bittensor an...