NEW
YORK, Sept. 30, 2024 /CNW/ - Reklaim Ltd.,
(TSXV: MYID) (OTC: MYIDF) ("Reklaim"), the destination where
consumers can view, edit, add, and option their data to brands and
platforms for direct compensation, announces it has received
approval from the TSX Venture Exchange ("TSXV") to implement, at
the Company's discretion, a normal course issuer bid ("NCIB") to
purchase up to 7,789,020 of its common shares.
The Company is commencing the NCIB because it believes that the
market may not always fully reflect the underlying value of the
Company's business. The repurchase of its common shares at those
times is deemed to be in the best interests of its shareholders,
instilling confidence in the company's future.
The Company has 116,738,379 common shares issued and outstanding
as of the date hereof. Under the NCIB, Reklaim may repurchase up to
10% of the number of Common Shares comprising its public float,
which currently equals 7,789,020 common shares.
The NCIB will commence on September 30th,
2024, and continue until September
30th, 2025, or until the company has repurchased the maximum
allowable number of common shares. Reklaim reserves the right to
terminate the NCIB at any time. All shares purchased under this
program will be canceled and returned to the treasury.
Purchases will be made through the TSXV or an alternative
Canadian trading platform at prevailing market prices per the
TSXV's policies. Due to its expertise and reputation in the market,
the Company has engaged Clarus Securities Inc. to act as the
broker for the NCIB.
Q2 CEO Letter:
Chapter 2, 2024
I often view these MD&A updates as chapters in a book, a
narrative that unfolds over time. This 'book' has six sections,
starting in 2019, each year containing four chapters (quarters).
When we launched this company in the shell of its
predecessor, Freckle, the world began to shelter in place as
COVID-19 inflected. Starting a nascent business during that time
was challenging. We really had no business being a public company
at that stage, but with the world closed and capital non-existent,
we decided to put our heads down and build the product. Read the
full CEO-Q2 letter here:
https://www.investors.reklaimyours.com/press/q2-2024-ceo-letter
About Reklaim
Reklaim is committed to navigating the evolving landscape of
consumer data privacy. We provide compliant, zero-party data
solutions to Fortune 500 brands, platforms, and data companies. Our
platform empowers consumers to reclaim control over their data,
enabling them to view and manage information collected with direct
authorization. Moreover, users can be compensated for their data
through a Reklaim account. Discover more about Reklaim at
https://investors.reklaimyours.com.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
STATEMENTS
Certain statements contained in this press release constitute
forward-looking information within the meaning of Canadian
securities laws. Forward-looking statements are provided to assist
the reader in understanding Reklaim's current expectations and
plans (including the NCIB) relating to the future. Readers are
cautioned that such statements may not be appropriate for other
purposes. Investors are cautioned that there is no assurance that
any acquisitions will be completed under the NCIB. Forward-looking
information may relate to Reklaim's future outlook and
anticipated events and may include statements regarding the
financial position, business strategy, budgets, litigation,
projected costs, capital expenditures, financial results, taxes,
and plans and objectives of or involving Reklaim. Particularly,
statements regarding future acquisitions, the availability of
credit, performance, achievements, prospects, or opportunities for
Reklaim or the industry in which it operates are forward-looking
statements. In some cases, forward-looking information can be
identified by terms such as "may," "might," "will," "could,"
"should," "would," "occur," "expect," "plan," "anticipate,"
"believe," "intend," "seek," "aim," "estimate," "target,"
"project," "predict," "forecast," "potential," "continue,"
"likely," "schedule," or the negative thereof or other similar
expressions concerning matters that are not historical
facts.
Information contained in forward-looking statements is based
upon certain material assumptions that were applied in drawing a
conclusion or making a forecast or projection, including
management's perceptions of historical trends, current conditions,
and expected future developments, as well as other considerations
that are believed to be appropriate in the circumstances. While
management considers these assumptions reasonable based on
currently available information, they may prove incorrect.
The forward-looking statements made in this press release are
dated and relate only to events or information as of the date of
this press release. Except as specifically required by law, Reklaim
undertakes no obligation to update or revise publicly any
forward-looking statements, whether as a result of new information,
future events, or otherwise, after the date on which the statements
are made or to reflect the occurrence of unanticipated
events.
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this
release.
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SOURCE Reklaim Ltd.