TORONTO, ON / ACCESSWIRE / June 24, 2024 / AirIQ Inc. (“AirIQ”) (TSXV:IQ), a leader in wireless asset management services, today announced that the TSX Venture Exchange (the “TSXV”) has accepted the Company’s application for a normal course issuer bid (the “Bid”). Pursuant to the Bid, the Company proposes to purchase through the facilities of the TSXV, up to 1,468,004 common shares representing 5% of the Company’s currently issued and outstanding common shares. The Bid will occur over a twelve-month period commencing on June 27, 2024 and ending on June 26, 2025.
AirIQ is commencing the Bid because the Company’s Board of Directors believes that the market price of the Company’s common shares does not fully reflect the underlying value of the Company’s assets and future prospects, and that repurchasing the Company’s common shares is one way of creating shareholder value.
All purchases made pursuant to the Bid will be made through the…
