Abaxx Announces Normal Course Issuer Bid and Automatic Securities Purchase Plan | Financial PostAdvertisement oopStory
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Announces Normal Course Issuer Bid and Automatic Securities Purchase PlanAuthor of the article:GlobeNewswirePublished
Jul 22, 20267 minute read Join the conversation You can save this article by registering for free here. Or sign-in if
you have an account.Article contentTORONTO, July 22, 2026 (GLOBE NEWSWIRE) — Abaxx Technologies Inc.
(TSX:ABXX)(OTCQX:ABXXF) (“Abaxx” or the “Company”), a financial software and market infrastructure company,
majority shareholder of Abaxx Singapore Pte Ltd., the owner of Abaxx Commodity Exchange and Clearinghouse (individually,
“Abaxx Exchange” and “Abaxx Clearing”), today announced that the Toronto Stock Exchange (the “TSX”) has
accepted its notice of intention to make a normal course issuer bid (the “NCIB”).THIS CONTENT IS RESERVED FOR
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your subscription. Activate your Online Access NowArticle contentArticle contentUnder the NCIB, Abaxx may purchase for
cancellation up to 400,000 common shares of the Company (the “Shares”), representing approximately 1.03% of the
Company’s issued and outstanding common shares as of July 10, 2026. The NCIB authorizes, but does not obligate, Abaxx
to purchase any Shares.Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap
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you up. Please try againInterested in more newsletters? Browse here.Article contentThe NCIB will commence on July 24,
2026 and will terminate on July 23, 2027 or earlier if the maximum number of Shares sought under the NCIB have been
repurchased. Abaxx may also terminate the NCIB earlier if it feels that it is appropriate to do so, subject to the terms
of the automatic securities purchase plan described below. All Shares will be purchased on the open market through the
facilities of the TSX as well as on alternative Canadian trading systems at prevailing market rates and any Shares
purchased by Abaxx will be cancelled.Article contentDuring the most recently completed six-month period, the average
daily trading volume of the Company’s common shares on the TSX was 158,201 (the “ADTV”). Under TSX rules, daily
purchases will be limited to a maximum of 39,550 Shares, other than pursuant to block purchase exceptions.Article
contentArticle contentAbaxx’s board of directors believes the current underlying value of the Company may not be
reflected in the market price of its common shares from time to time and that, at appropriate times, repurchasing its
common shares represents an opportunity to allocate capital resources to reduce its outstanding common shares.Article
contentThe board of directors believes this is one of those times. Having raised C$69 million at a price of C$54.25 in
May of this year, the Company’s financial position remains secure. The Company holds cash and cash equivalents
sufficient to fund its current operational plans for approximately the next seven quarters without the need to raise
additional funds, and retains the ability to raise cash from its other assets.Article contentMost importantly, the board
of directors remains confident in the Company’s ability to continue to execute on those operational plans and achieve
key milestones across its mutually reinforcing exchange and technology businesses, including advancing commercial
adoption of its commodity futures markets and the commercial deployment of its ID++ technology. Accordingly, the board
of directors has determined that the NCIB is in the best interest of Abaxx and its shareholders.Advertisement 1This
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