Thinkific Labs Inc. (TSX:THNC) announces a share repurchase program. Under the offer, the company will repurchase up to CAD 47.83 million worth of its shares. The shares will be repurchased at CAD 3.72 per share.

If more than CAD 47.83 million worth of shares are properly tendered and not properly withdrawn, the Company will purchase the Subordinate Voting Shares on a pro rata basis except that "odd lot" tenders (of holders beneficially owning fewer than 100 Subordinate Voting Shares) will not be subject to pro-ration. Holders of multiple voting shares of the Company (the "Multiple Voting Shares") will be entitled to tender the Subordinate Voting Shares underlying their Multiple Voting Shares pursuant to the Offer. Multiple Voting Shares taken up by the Company will be converted into Subordinate Voting Shares on a one-for-one basis immediately prior to take up.

The offer will expire on June 21, 2024. As of May 14, 2024, the company had 24,054,794 Subordinate Voting Shares and 56,563,752 Multiple Voting Shares issued and outstanding