Zoomd Technologies Announces Approval of Normal Course Issuer Bid

About this update from Zoomd Technologies Ltd.

Zoomd Technologies Announces Approval of Normal Course Issuer Bid Zoomd Technologies Announces Approval 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; } PR Newswire TORONTO, May 27, 2026 /PRNewswire/ -- Zoomd Technologies Ltd. (TSXV: ZOMD) (OTC: ZMDTF) and its wholly-owned subsidiary Zoomd Ltd. (collectively, "Zoomd" or the "Company"), the online advertising management platform, is pleased to announce its intention to ‎initiate a Normal Course Issuer Bid ("NCIB") through the facilities of the TSX Venture Exchange ("TSXV") and/or alternative trading systems to repurchase, for cancellation, up to 7,987,767 common shares of the Company ("Shares"), representing approximately 10% of the Company's "public float" (as defined by the TSXV) or approximately 7.9% of the total number of the Shares issued and outstanding. The Company has also entered into an automatic share purchase plan ("ASPP") with a broker in order to facilitate repurchases of the Shares.  The Company believes that purchases of its Shares pursuant to the NCIB may contribute to the facilitation of an orderly market and be in the best interests of the Company and its shareholders. In the event that the Company believes that its Shares begin trading in a price range that does not adequately reflect their underlying value based on the Company's business prospects and financial position, the Company may purchase Shares pursuant to the NCIB. Depending upon future price movements and other factors, the Company believes that its outstanding Shares may represent an attractive investment and a desirable use of a portion of its corporate funds.The Company believes the current market valuation of Zoomd does not appropriately reflect the strength of its balance sheet, its long-term business prospects, and the strategic initiatives currently underway, and the strategic position we continue to build in the market. With a significant amount of cash on hand, no bank debt, and continued positive operating cash flow, the Company believes that it is in a strong position to continue investing in growth initiatives while also executing on this capital allocation...

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