EnWave Corporation (TSXV:ENW) announces a share repurchase program. Under the course issuer bid, the company will repurchase up to 10,799,564 common shares, representing 9.76% of its outstanding shares. The shares repurchased under the bid will be cancelled.

The purpose of the program is to maintain flexibility to purchase the common shares. The bid will expire on December 6, 2024, or on such earlier time as company completes its purchases pursuant to the bid. As of December 5, 2023, the company has 110,695,055 common shares issued and outstanding.