- BlackBerry stock moved higher on news it completed the repayment of $150 million extendable debentures
- BlackBerry’s team announced it had made the full repayment of all principal and interest amounts outstanding under its 1.75 per cent extendable convertible unsecured debentures.
- The Waterloo, Ontario-based tech firm’s share price has risen 1.98 per cent this week
- BlackBerry stock closed at C$3.84 per share
BlackBerry (TSX:BB) stock moved higher on news it completed the repayment of $150 million extendable debentures.
In a news release, BlackBerry’s team announced it had made the full repayment of all principal and interest amounts outstanding under its 1.75 per cent extendable convertible unsecured debentures.
The Waterloo, Ontario-based tech firm’s share price has risen 1.98 per cent this week after making several headlines.
Earlier this week, the company stated that it had become the first vendor to be cleared by the German Federal Office for Information Security (BSI) certification program for the use of BlackBerry unified endpoint management for mobile device management on Apple iNDIGO (iOS native devices in government operations) devices. This enables government organizations to commence implementation of Apple iNDIGO projects to secure government data on employee iOS devices.
Before that, BlackBerry provided an update on progress in separation of its IoT and cybersecurity businesses as standalone divisions.
BlackBerry Ltd. provides intelligent security software and services to enterprises and governments around the world and secures more than 500 million endpoints including more than 235 million vehicles.
BlackBerry stock closed trading 1.59 per cent higher at C$3.84 per share and is down 34.25 per cent since this time last year.
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