BlackBerry Limited (NYSE: BB) (TSX: BB) announced it received approval from the Toronto Stock Exchange to renew its normal course issuer bid share buyback program. The renewed program allows the company to repurchase up to 26,785,714 common shares, representing approximately 4.58% of the outstanding public float as of April 30, 2026.

Under the program, BlackBerry can purchase shares through the TSX, other Canadian exchanges, the New York Stock Exchange, and alternative trading systems in Canada and the United States. The company may also make purchases through private agreements subject to regulatory approval. All repurchased shares will be cancelled.

As of April 30, 2026, BlackBerry had 586,061,407 common shares outstanding with a public float of 584,830,432 shares. Daily purchases through the TSX will be limited to 563,825 shares, except for block purchases. The average daily trading volume on the TSX for the six months ending April 30, 2026, was 2,255,303 shares.

Under the previous buyback program that commenced May 12, 2025, BlackBerry repurchased 18,136,158 shares at a weighted average price of $3.85 per share through April 30, 2026. The previous program was authorized to purchase up to 27,855,153 shares.

The new program will commence May 12, 2026, and terminate on May 11, 2027, or when the maximum number of shares has been purchased, or on a date determined by the company. Purchase prices will be at market price for exchange transactions or at negotiated prices for private agreements.

BlackBerry stated it expects to generate positive operating cash flow during fiscal 2027 and believes the market price may not always reflect the underlying value of its business.