TLDR
- BlackBerry stock rises as TSX clears renewed 26.8M-share buyback plan
- BB gains after buyback approval supports fresh focus on capital returns
- BlackBerry renews NCIB plan as stock spikes above $6.50 before pullback
- TSX approval allows BlackBerry to buy back shares through May 2027
- BlackBerry strengthens capital plan with renewed share repurchase approval
BlackBerry (BB) stock moved higher after the company secured TSX approval for a renewed share buyback plan. BB traded at $6.21, up $0.11, or 1.81%, after an intraday spike above $6.50. The move placed BlackBerry’s capital return plan back in focus as the company entered fiscal 2027 with stronger cash flow expectations.
BlackBerry Gets TSX Approval For Renewed Buyback
BlackBerry Limited received acceptance from the Toronto Stock Exchange for its renewed normal course issuer bid. The program allows BlackBerry to repurchase up to 26,785,714 common shares. That amount represents about 4.58% of its public float as of April 30, 2026.
The company can buy shares through the TSX, NYSE, other Canadian exchanges, and alternative trading systems. BlackBerry may use private agreements or other approved repurchase programs under securities rules. The company will cancel all shares bought under the renewed buyback program.
The new NCIB will start on May 12, 2026, and can run until May 11, 2027. However, the program may end earlier if BlackBerry completes the approved purchases. The company may also end the program at any time under its own capital plans.
BB Stock Rises After Sharp Intraday Move
BlackBerry had 586,061,407 common shares outstanding as of April 30, 2026. Its public float stood at 584,830,432 common shares on the same date. Meanwhile, the average daily TSX trading volume reached 2,255,303 shares over the previous six months.
Daily TSX purchases under the program will face a limit of 563,825 shares, excluding block purchases. The company will pay the market price for shares bought in open-market transactions. However, private purchases may occur at negotiated prices near or below market levels.
Buyback Extends BlackBerry’s Capital Return Strategy
BlackBerry already bought back 18,136,158 shares under its earlier program. Those purchases carried a weighted average price of US$3.85 per common share. The previous program began on May 12, 2025, and ends on May 11, 2026.
The company said its fiscal 2026 balance sheet improved, while operating cash flow expectations also strengthened. Additionally, BlackBerry expects meaningful positive operating cash flow during fiscal 2027. This background gives the company more room to manage capital allocation.
BlackBerry said the buyback gives it flexibility when its share price does not reflect business value. The plan may also offset dilution from shares issued under equity incentive programs. However, the final purchase amount will depend on market conditions, regulations, and company decisions.
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