NASDAQJust saw this; was obviously a catch up from yesterday but good to see that US investors are paying attention. GLTA
10:17 AM EDT, 06/21/2022 (MT Newswires) -- Sangoma Technologies Corp. (STC.TO), a provider of cloud-based communications as a service solutions, said Tuesday that it had secured TSX approval for a normal course issuer bid for up to 1,071,981 shares or 5% of the company's stock.
Sangoma, which at last look jumped 23% on Nasdaq and rose 3.3% on the TSX in early Tuesday trading, said the NCIB will start Thursday and end by June 22, 2023.
The company said it remains committed to accumulating balance sheet strength to help fund future acquisitions, to continuing the long-term profitable growth of our business, and to efficient capital allocation.
Sangoma and its board believe that the price of the company's shares does not reflect the underlying value of the business and the NCIB represents an appropriate and desirable use of company funds.
Price: 10.85, Change: +0.35, Percent Change: +3.33