Docebo to repurchase 99K shares for US$2.48M
Docebo’s substantial issuer bid closed with about 99,000 shares tendered, a roughly 0.4% reduction in outstanding shares funded entirely from cash on hand.
Rhea-AI Filing Summary
Docebo Inc. (DCBO) released preliminary results for its substantial issuer bid to repurchase for cancellation up to US$70,000,000 of common shares at US$25.00 per share. Based on the initial count by TSX Trust Company, 99,332 common shares were properly tendered before the offer expired on September 8, 2026.
Docebo expects to purchase and cancel all tendered shares for aggregate consideration of US$2,483,300, funded entirely from cash on hand with no incremental borrowings under its credit facility. The shares expected to be purchased represent about 0.4% of issued and outstanding common shares on a non-diluted basis as of July 20, 2026, and are expected to leave approximately 24,947,594 shares issued and outstanding.
Major shareholder Intercap Inc. is expected to have 13,351 of its shares acquired in the bid and to beneficially own 15,900,000 common shares afterward, or about 63.7% of the company, compared with 63.9% before. The figures are preliminary and subject to verification and to the delivery of shares tendered by notice of guaranteed delivery.
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Key Figures
Key Terms
substantial issuer bid regulatory
notice of guaranteed delivery regulatory
specified amount regulatory
forward-looking information regulatory
issuer bid circular regulatory
FAQ
How will Docebo (DCBO) fund the substantial issuer bid purchases?
How does the bid affect Intercap’s ownership in Docebo (DCBO)?
When did Docebo’s (DCBO) substantial issuer bid expire and at what price?
What is the specified amount for Canadian tax purposes in Docebo’s (DCBO) bid?
AI-generated analysis. How Rhea-AI works. Not financial advice.