Pulse Seismic Inc. Receives TSX Approval for Normal Course Issuer Bid and Enters Into Automatic Share Purchase Plan

Rhea-AI Summary

Pulse Seismic (OTCQX:PLSDF) received TSX approval to renew its normal course issuer bid (NCIB) to buy up to 2,758,077 common shares (10% of the public float of 27,580,778) from March 16, 2026 through March 15, 2027. As of March 5, 2026 Pulse had 50,714,857 shares outstanding.

The NCIB limits daily purchases to 10,241 shares (25% of six‑month ADTV of 40,964), allows block purchases per TSX rules, and all repurchased shares will be cancelled. Pulse also entered an automatic share purchase plan (ASPP) to permit broker purchases during blackout or regulatory restriction periods.

Positive

• NCIB authorized to repurchase 2,758,077 shares (10% public float)
• All repurchased shares will be cancelled, reducing outstanding share count
• Entered an ASPP enabling broker purchases during blackout periods
• Prior NCIB execution: 120,800 shares repurchased at average $2.56

Negative

• Prior period purchases (120,800) were small versus authorized 2.77M
• Daily purchase cap of 10,241 shares may limit market impact

News Market Reaction – PLSDF

+3.58%

1 alert

+3.58% News Effect

On the day this news was published, PLSDF gained 3.58%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

CALGARY, Alberta, March 11, 2026 (GLOBE NEWSWIRE) -- Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) (“Pulse” or the “Company”) is pleased to announce that the Toronto Stock Exchange (the “TSX”) has accepted the Company’s Notice of Intention to renew its normal course issuer bid (“NCIB”). The NCIB allows Pulse to purchase up to 2,758,077 common shares (representing 10 percent of the public float of 27,580,778 common shares as at March 5, 2026). All shares will be purchased through the facilities of the TSX and/or alternative Canadian trading platforms. All shares purchased under the normal course issuer bid will be cancelled. The duration of the normal course issuer bid will be from March 16, 2026, through March 15, 2027. As of March 5, 2026, the Company had 50,714,857 common shares outstanding.

The Company’s purchase of shares during any trading day will not exceed 10,241 common shares (representing 25 percent of the average daily trading volume of 40,964 shares traded on the TSX during the most recently completed six calendar months preceding the filing of the Notice of Intention), subject to Pulse’s ability to make block purchases in accordance with the TSX facilities and rules.

During the period from February 24, 2025, through February 23, 2026, the NCIB allowed Pulse to purchase up to 2,770,658 common shares. During that period, Pulse purchased 120,800 common shares under the normal course issuer bid at a weighted average price of $2.56 per share. All shares were purchased through the facilities of the TSX and/or alternative Canadian trading platforms. All shares purchased under the normal course issuer bid were cancelled.

The Company also entered into an automatic share purchase plan (“ASPP”) with a broker, in order to facilitate repurchases of Pulse’s common shares under its normal course issuer bid (“NCIB”). During the effective period of its ASPP, Pulse’s broker may purchase common shares at times when Pulse would not be active in the market due to regulatory restrictions, including insider trading rules, and Pulse’s own internal trading blackout periods. Purchases will be made by Pulse’s broker based on parameters set by Pulse when it is not in possession of any material non-public information about the Company or its securities, and in accordance with the limits and other terms of the ASPP. The ASPP has been entered into in accordance with the requirements of applicable Canadian securities laws.

CORPORATE PROFILE

Pulse is a market leader in the acquisition, marketing and licensing of 2D and 3D seismic data to the western Canadian energy sector. Pulse owns the largest licensable seismic data library in Canada, currently consisting of approximately 65,310 square kilometres of 3D seismic and 829,207 kilometres of 2D seismic. The library extensively covers the Western Canada Sedimentary Basin, where most of Canada’s oil and natural gas exploration and development occur.

For further information, please contact:
Neal Coleman, President and CEO
Or
Pamela Wicks, VP Finance and CFO

Tel.: 403-237-5559
Toll-free: 1-877-460-5559
E-mail: info@pulseseismic.com.
Please visit our website at www.pulseseismic.com.

PDF available: http://ml.globenewswire.com/Resource/Download/06b6fe2e-d744-4494-9c2d-1279a8f8ab8a

FAQ

What does Pulse Seismic's NCIB approved March 11, 2026 mean for PLSDF shareholders?

It authorizes repurchases of up to 2,758,077 shares, potentially reducing share count and boosting EPS. According to the company, purchases run from March 16, 2026 to March 15, 2027 and repurchased shares will be cancelled.

How many Pulse Seismic shares can be bought each trading day under the new NCIB (PLSDF)?

Pulse’s daily purchase limit is 10,241 shares, equal to 25% of six‑month ADTV. According to the company, block purchases remain possible under TSX rules and limits in the NCIB.

What is the size of Pulse Seismic's public float used for the NCIB calculation?

The NCIB is based on a public float of 27,580,778 common shares, with the 10% cap allowing 2,758,077 buys. According to the company, the float was measured as of March 5, 2026.

What were Pulse Seismic’s repurchases under the prior NCIB period ending Feb 23, 2026?

During Feb 24, 2025–Feb 23, 2026 Pulse repurchased 120,800 shares at a weighted average price of $2.56. According to the company, all those shares were purchased on the TSX or alternative Canadian platforms and cancelled.

How does the automatic share purchase plan (ASPP) affect Pulse Seismic buybacks (PLSDF)?

The ASPP lets a broker buy shares when Pulse is in blackout or bound by insider rules, maintaining repurchase activity. According to the company, broker buys follow preset parameters and occur only when Pulse lacks material non‑public information.