Tiny Announces Conditional Approval to Graduate to the Toronto Stock Exchange, Proposed Share Consolidation and Intention to Implement a Normal Course Issuer Bid
Tiny Ltd. (TSXV: TINY) has received conditional approval to graduate from TSX Venture Exchange to the Toronto Stock Exchange, with trading expected to begin on October 1, 2025. The company announced three significant corporate actions: 1) A share consolidation at an 8:1 ratio, reducing outstanding shares from 235,313,916 to approximately 29,414,217, 2) Implementation of a Normal Course Issuer Bid (NCIB) to purchase up to 1,470,710 post-consolidation shares (5% of outstanding shares), and 3) Adjustment of convertible securities, including debentures at a new conversion price of $12.00 per post-consolidation share and warrants at $11.60 per share.
The NCIB will run from October 1, 2025, to September 30, 2026, with Ventum Financial Corp. acting as the agent. The company views these actions as strategic steps to enhance shareholder value and improve market liquidity.
Tiny Ltd. (TSXV: TINY) ha ottenuto l'approvazione condizionale per passare dal TSX Venture Exchange al Toronto Stock Exchange, con l'inizio delle negoziazioni previsto per 1 ottobre 2025. L'azienda ha annunciato tre importanti operazioni societarie: 1) Consolidamento azionario in rapporto 8:1, che ridurrà le azioni in circolazione da 235.313.916 a circa 29.414.217, 2) Attuazione di un NCIB (Normal Course Issuer Bid) per acquistare fino a 1.470.710 azioni post-consolidazione (5% delle azioni in circolazione), e 3) Adeguamento dei titoli convertibili, inclusi debentures a un nuovo prezzo di conversione di $12,00 per azione post-consolidazione e warrant a $11,60 per azione.
Il NCIB avrà validità dal 1 ottobre 2025 al 30 settembre 2026, con Ventum Financial Corp. come agente. L'azienda considera queste azioni come passi strategici per aumentare il valore per gli azionisti e migliorare la liquidità del mercato.
Tiny Ltd. (TSXV: TINY) ha recibido aprobación condicional para graduarse de TSX Venture Exchange al Toronto Stock Exchange, con la apertura de operaciones prevista para 1 de octubre de 2025. La compañía anunció tres acciones corporativas significativas: 1) Consolidación de acciones a una ratio de 8:1, reduciendo las acciones en circulación de 235,313,916 a aproximadamente 29,414,217, 2) Implementación de un NCIB (Normal Course Issuer Bid) para adquirir hasta 1,470,710 acciones post-consolidación (5% de las acciones en circulación), y 3) Ajuste de valores convertibles, incluidos pagarés a un nuevo precio de conversión de $12.00 por acción post-consolidación y warrants a $11.60 por acción.
El NCIB se ejecutará del 1 de octubre de 2025 al 30 de septiembre de 2026, con Ventum Financial Corp. actuando como agente. La empresa considera estas acciones como pasos estratégicos para mejorar el valor para los accionistas y la liquidez del mercado.
Tiny Ltd. (TSXV: TINY)는 TSX 벤처 교환에서 토론토 증권 거래소로 상장 승인을 조건부로 받았으며, 거래 시작은 2025년 10월 1일로 예상됩니다. 회사는 세 가지 중요한 기업 행위를 발표했습니다: 1) 8:1 비율의 주식 합병으로 유통 주식 수가 235,313,916주에서 약 29,414,217주로 감소, 2) 합병 후 발행 주식의 최대 1,470,710주를 매입하는 일반 주관 매입제도(NCIB) 시행(유통 주식의 5%), 그리고 3) 전환 가능한 증권의 조정으로 전환가를 주당 $12.00의 새로운 전환가액으로, 워런트를 $11.60으로 조정
NCIB는 2025년 10월 1일부터 2026년 9월 30일까지 운용되며 대리인은 Ventum Financial Corp.가 맡습니다. 회사는 이러한 조치를 주주 가치를 높이고 시장 유동성을 개선하는 전략적 단계로 보고 있습니다.
Tiny Ltd. (TSXV: TINY) a reçu une approbation conditionnelle pour passer du TSX Venture Exchange au Toronto Stock Exchange, avec une mise en négociation prévue le 1 octobre 2025. La société a annoncé trois actions corporatives importantes : 1) consolidation d'actions au ratio 8:1, faisant passer les actions en circulation de 235 313 916 à environ 29 414 217, 2) mise en œuvre d'un NCIB pour acheter jusqu'à 1 470 710 actions post-consolidation (5% des actions en circulation), et 3) ajustement des titres convertibles, incluant des debentures à un nouveau prix de conversion de $12,00 par action post-consolidation et des warrants à $11,60 par action.
Le NCIB se déroulera du 1 octobre 2025 au 30 septembre 2026, Ventum Financial Corp. agissant en tant qu'agent. L'entreprise considère ces actions comme des étapes stratégiques pour accroître la valeur pour les actionnaires et améliorer la liquidité du marché.
Tiny Ltd. (TSXV: TINY) hat bedingte Zulassung erhalten, von der TSX Venture Exchange zur Toronto Stock Exchange zu wechseln, der Handel soll am 1. Oktober 2025 beginnen. Das Unternehmen kündigte drei bedeutende Unternehmensmaßnahmen an: 1) Eine Aktienzusammenlegung im Verhältnis 8:1, wodurch sich die ausstehenden Aktien von 235.313.916 auf ca. 29.414.217 reduziert, 2) Die Einführung eines NCIB, um bis zu 1.470.710 post-Konsolidierungsaktien (5% der ausstehenden Aktien) zu erwerben, und 3) Anpassung der wandelbaren Wertpapiere, einschließlich Anleihen mit einem neuen Umtauschpreis von $12,00 pro post-konsolidierte Aktie und Warrants zu $11,60 pro Aktie.
Der NCIB läuft vom 1. Oktober 2025 bis 30. September 2026, mit Ventum Financial Corp. als Vermittler. Das Unternehmen sieht diese Schritte als strategische Maßnahmen zur Steigerung des Aktionärswerts und zur Verbesserung der Markthäufigkeit.
Tiny Ltd. (TSXV: TINY) تلقّت موافقات مشروطة للترقية من بورصة TSX Venture إلى بورصة تورونتو، و من المتوقع أن يبدأ التداول في 1 أكتوبر 2025. أعلنت الشركة عن ثلاث خطوات مؤسسية مهمة: 1) تجميع أسهم بنسبة 8:1، مما يخفض الأسهم القائمة من 235,313,916 إلى نحو 29,414,217، 2) تطبيق عرض إصدار عادي (NCIB) لشراء حتى 1,470,710 سهمًا بعد التجميع (5% من الأسهم القائمة)، و 3) تعديل الأوراق القابلة للتحويل، بما في ذلك سندات قابلة للتحويل بسعر تحويل جديد قدره $12.00 للسهم القائم بعد التجميع و Warrants بسعر $11.60 للسهم.
سيستمر NCIB من 1 أكتوبر 2025 إلى 30 سبتمبر 2026، وتتكفل Ventum Financial Corp. بالوكالة. وترى الشركة أن هذه الإجراءات خطوات استراتيجية لتعزيز قيمة المساهمين وتحسين سيولة السوق.
Tiny Ltd. (TSXV: TINY) 已获得有条件批准，从 TSX Venture Exchange 升级至多伦多证券交易所，预计交易将于 2025年10月1日 开始。公司宣布三项重要的公司行动：1) 以 8:1 比例进行股票合并，使在外流通股数从 235,313,916 股降至约 29,414,217 股，2) 实施一般性发行人买回计划（NCIB），在合并后回购最多 1,470,710 股（占在外流通股的 5%），以及 3) 可转证券的调整，包括以每股合并后股票的新转换价 $12.00 以及每股认股权证为 $11.60 的价格。
NCIB 将从 2025年10月1日 起至 2026年9月30日 止，由 Ventum Financial Corp. 担任代理人。公司认为这些行动是提升股东价值和改善市场流动性的战略步骤。
- Graduation to TSX mainboard indicates company growth and enhanced visibility
- Share consolidation could attract institutional investors and improve trading dynamics
- NCIB program to purchase 5% of shares demonstrates confidence in company value
- Strategic moves aimed at improving stock liquidity and shareholder value
- 8:1 share consolidation will significantly reduce the number of outstanding shares
- Share consolidation may impact trading liquidity initially
- NCIB program will use company cash reserves for share repurchases
Victoria, British Columbia--(Newsfile Corp. - September 15, 2025) - Tiny Ltd. (TSXV: TINY) ("Tiny" or the "Company"), a Canadian technology holding company that acquires wonderful businesses for the long term, is pleased to announce that it has received conditional approval from the Toronto Stock Exchange (the "TSX") to graduate the listing of its Class A common shares (the "Common Shares") and Common Share purchase warrants (the "Warrants") from the TSX Venture Exchange (the "TSXV") to the TSX (the "Graduation").
In addition, the Company is also pleased to announce that, immediately prior to the Graduation, the Company intends on consolidating its Common Shares on the basis of one (1) post-consolidation common share (each, a "Post-Consolidation Share") for every eight (8) pre-consolidation Common Shares (each, a "Pre-Consolidation Share" and, collectively, the "Share Consolidation") and that the Company intends to implement a normal course issuer bid (a "NCIB").
The Graduation, the Share Consolidation, and the implementation of the NCIB are expected to occur concurrently on October 1, 2025, subject to approval from the TSXV and final approval by the TSX.
Subject to approval from the TSXV and final approval from the TSX, the Share Consolidation, which was approved by the shareholders of the Company at its annual general and special meeting held on June 5, 2025, is expected to be completed immediately prior to the Graduation on October 1, 2025. Following completion of the Share Consolidation and the Graduation, the Post-Consolidation Shares are expected to begin trading on the TSX at the opening of the markets on or around October 1, 2025.
The Post-Consolidation Shares and the Warrants will continue to trade under the stock symbols "TINY" and "TINY.WT". The new CUSIP for the Post-Consolidation Shares will be 88770A308 and the new ISIN for the Post-Consolidation Shares will be CA88770A3082. The Company currently has 235,313,916 Pre-Consolidation Shares issued and outstanding and, upon completion of the Share Consolidation, the Company is expected to have approximately 29,414,217 Post-Consolidation Shares issued and outstanding.
Registered holders of the Company's
Following completion of the Share Consolidation, the Convertible Debentures will be convertible into Post-Consolidation Shares at an initial conversion price of
Registered holders of the Warrants have been given notice of the effect of the Share Consolidation in accordance with the provisions of the amended and restated warrant indenture dated May 9, 2025 entered into between the Company and Computershare Trust Company of Canada, as warrant agent. Following completion of the Share Consolidation, each Warrant holder will be entitled to receive one (1) Post-Consolidation Share for every eight (8) whole Warrants exercised following the payment of the applicable adjusted exercise price of
The exercise or conversion price and/or the number of Post-Consolidation Shares issuable upon the exercise or deemed exercise of the Company's currently outstanding stock options, performance share units and restricted share units issued pursuant to the Company's omnibus incentive plan, and any other securities exercisable for or convertible into Common Shares of the Company will be proportionately adjusted to reflect the Share Consolidation in accordance with the respective terms thereof.
No fractional Post-Consolidation Shares will be issued as a result of the Share Consolidation and, in the event that a securityholder would otherwise be entitled to receive a fractional Post-Consolidation Share upon the Share Consolidation, such fraction will be rounded down to the nearest whole number.
Prior to completion of the Share Consolidation, registered shareholders holding share certificates will be mailed a letter of transmittal advising of the Share Consolidation and instructing them to surrender the share certificates representing Pre-Consolidation Shares for replacement certificates or a direct registration advice representing their Post-Consolidation Shares. Until surrendered for exchange, each share certificate formerly representing Pre-Consolidation Shares will be deemed to represent the number of whole Post-Consolidation Shares to which the holder is entitled as a result of the Share Consolidation. Shareholders may also obtain a copy of the letter of transmittal by accessing the Company's SEDAR+ profile at www.sedarplus.com.
Pursuant to the NCIB, subject to the approval of the TSX, the Company may, during the 12-month period commencing on or about October 1, 2025 and ending on or about September 30, 2026 (the "End Date"), purchase up to 1,470,710 Post-Consolidation Shares, being approximately five percent (
The actual number of Common Shares which may be purchased pursuant to the NCIB and the timing of any purchases will be determined by management and the board of directors of Tiny. Following the Graduation, the NCIB will be conducted through the TSX or alternative Canadian trading systems and made in accordance with the policies of the TSX.
The price which the Company will pay for any such Common Shares will be the market price at the time of the acquisition. All Common Shares purchased pursuant to the NCIB will be returned to treasury for cancellation and all such purchases will be made on the open market through the facilities of the TSX or by such other means as may be permitted under applicable securities laws during the term of the NCIB.
The Company reviews all elements of its capital allocation strategy on an ongoing basis. The Company believes that the market price of the common shares may not, from time to time, fully reflect their value and accordingly the purchase of the common shares would be in the best interest of the Company and an attractive and appropriate use of available funds. As such, the Company continues to make efforts to enhance shareholder value and improve liquidity for the shareholders in the market.
As a component of the NCIB, the Company has engaged Ventum Financial Corp. ("Ventum"), as agent, and may in the future, enter into an automatic share purchase plan pursuant to which, the Company would instruct Ventum to purchase Post-Consolidation Shares pursuant to instructions given when permitted by applicable laws, rules and regulations.
About Tiny
Tiny is a Canadian holding company that acquires wonderful businesses using a founder-friendly approach. It focuses on companies with unique competitive advantages, recurring or predictable revenue streams, and strong free cash flow generation. Tiny typically holds businesses for the long-term, with a parent-level focus on capital allocation, collaborative management and operations, and incentive structures within the operating companies to drive results for Tiny and its shareholders. Tiny currently has three principle reporting segments: Digital Services, which help some of the world's top companies design, build and ship amazing products and services; Software and Apps, which is home to Serato, the world's leading DJ software, and WeCommerce, a collection of leading application and theme businesses powering global e-commerce merchants; and Creative Platform, which is composed primarily of Dribbble, the social network for designers and digital creatives, as well as Creative Market, a premier online marketplace for digital assets such as fonts, graphics and templates.
For more information about Tiny, please visit www.tiny.com or refer to the public disclosure documents available under Tiny's profile on SEDAR+ at www.sedarplus.com.
Tiny Ltd. Contact:
Mike McKenna
Chief Financial Officer
Phone: 416-938-0574
Email: mike@tiny.com
Cautionary Note Regarding Forward-Looking Information
Certain statements in this press release may constitute forward-looking information or forward-looking statements (collectively, "forward-looking statements") that reflect management's current expectations, including statements regarding the Company's future plans, growth, financial performance and business prospects and opportunities. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "anticipate", "believe", "plan", "forecast", "expect", "estimate", "predict", "intend", "would", "could", "if", "may" and similar expressions. This press release includes, among others, forward-looking statements concerning the Company's expectations regarding the Graduation (including de-listing the Common Shares and Warrants from the TSXV), the Share Consolidation, and the NCIB, including the timing in respect thereof, approval of the TSXV, final approval of the TSX with respect to the Graduation, the Share Consolidation, and the NCIB (including the Company's ability to satisfy all final conditions to listing on the TSX) and the Company's capital allocation strategy. These statements reflect current expectations of management regarding future events and speak only as of the date of this press release. In addition, forward-looking statements are provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes.
By their nature, forward-looking statements require management to make assumptions and are subject to a number of inherent risks and uncertainties, many of which are beyond the Company's control. There is a significant risk that predictions, forecasts, conclusions or projections will not prove to be accurate, that management's assumptions may not be accurate and that actual results, performance or achievements may differ significantly from such predictions, forecasts, conclusions or projections expressed or implied by such forward-looking statements. We caution readers not to place undue reliance on the forward-looking statements in this press release as a number of factors could cause actual future results, conditions, actions or events to differ materially from the targets, outlooks, expectations, goals, estimates or intentions expressed in the forward-looking statements.
These factors include, but are not limited to: the Company's ability to obtain approval of the TSXV or final approval of the TSX to complete the Graduation, the Share Consolidation and the NCIB and timing of the same. As a result of the foregoing, readers should not place undue reliance on the forward-looking information contained in this news release. For a more detailed discussion of certain of these risk factors, see the list of risk factors in the Company's Annual Information Form dated April 29, 2025 which is available on SEDAR+ at www.sedarplus.com under the Company's profile. Additional information about risks and uncertainties is contained in the other filings of the Company with securities regulators.
The Company cautions that the foregoing list is not exhaustive of all possible factors, as other factors could adversely affect our results. When relying on our forward-looking statements to make decisions with respect to the Company and its securities, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Unless otherwise indicated, the information in this press release is current as of the date of this press release and the Company does not intend, and disclaims any obligation, to update any forward-looking statements, whether written or oral, or whether as a result of new information or otherwise, except as may be required by law.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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FAQ
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