MDA Space to Repurchase 5 Percent of Common Shares

MDA Space Ltd. announced on September 21, 2026, that the Toronto Stock Exchange accepted its notice of intention to initiate a normal course issuer bid. The program authorizes the company to purchase and cancel up to 8,106,539 common shares, representing approximately 5% of its issued and outstanding shares as of September 11, 2026.

The repurchase program is scheduled to run from September 23, 2026, to September 22, 2027. To execute these transactions, the company has established an automatic share purchase plan with its broker.

MDA Space stated that the strategic and selective purchase of shares during periods of general market volatility offer potential benefits to its shareholders.