- Tokens.com (COIN) has announced a normal course issuer bid to purchase, for cancellation, up to 3,000,000 common shares
- Daily purchases will be limited to 56,146 shares
- The bid will commence on November 01, 2022, and expire on October 31, 2023
- Tokens.com invests in Web3 assets and builds Web3 businesses focused on crypto staking, the metaverse and play-to-earn crypto gaming
- Tokens.com (COIN) is down 2.86 per cent on the day, trading at C$0.17 per share at 10:15 am ET
Tokens.com (COIN) has announced a normal course issuer bid to purchase, for cancellation, up to 3,000,000 common shares.
Tokens.com’s board believes that the market price of the company’s shares may not always reflect the inherent value of the company.
“Our shares have been impacted by depressed crypto prices and macroeconomic events and headlines that are not linked to the performance of our businesses. Although our three business segments have positive revenue growth, this has not materialized into market recognition of the value within the Company,” said Andrew Kiguel, CEO of Tokens.com.
The bid will commence on November 01, 2022, and expire on October 31, 2023.
Tokens.com will enter into an automatic purchase plan with its designated broker to allow for purchases of its shares during internal blackout periods.
As of October 26, 2022, the company has 96,926,757 shares issued and outstanding and a public float of 72,377,444. Tokens.com will not acquire more than 56,146 shares during a trading day.
Tokens.com Corp invests in web3 assets and builds web3 businesses. The company focuses on three operating segments: i) crypto staking, ii) the metaverse, and iii) play-to-earn crypto gaming. Tokens.com owns digital assets and operating businesses within each of these three segments.
Tokens.com (COIN) is down 2.86 per cent on the day, trading at C$0.17 per share at 10:15 am ET.
