Lee Matheson and Gigi Sohn to Stand for Election for Tucows Board of Directors
Tucows Inc. (NASDAQ: TCX, TSX: TC) is pleased to announce that Lee Matheson and Gigi Sohn will be standing for election to the Board of Directors. Brad Burnham, co-founder of Union Square Ventures, has decided not to seek reelection. Tucows extends its gratitude to Mr. Burnham for his help, mentorship and dedicated service as a Board member over the past six years.
Ting completes $239 million asset-backed securitization to support its fiber network expansion in the U.S.
TORONTO, May 4, 2023 – Tucows Inc. (NASDAQ:TCX, TSX:TC), announced today that its subsidiary, Ting Fiber, LLC (“Ting”), has closed an offering by certain of its subsidiaries for $239 million. The offering consists of Series 2023-1 Fixed Rate Senior Secured Notes, Class A-2, Class B and Class C, (collectively, the "Notes"), maturing April 2053. Ting will use the net proceeds from the Notes to fund the expansion of its fiber networks, create capacity to invest in continued growth, redeem a portion of the Series A Preferred Units, and other general corporate purposes, including paying the fees and expenses related to the issuance of the Notes.
Tucows Announces Timing for Q1 2023 Financial Results News Release and Management Commentary as well as Upcoming Investor Day
Tucows today announced that it will report its first quarter 2023 financial results via news release on Monday, May 8, 2023 at 5:05 p.m. ET. Additionally, Tucows will be hosting an Investor Day on May 9th, from 11 a.m. to 3 p.m. ET.
Tucows Announces $40 Million Stock Buyback Program
Tucows Inc. (NASDAQ: TCX, TSX: TC) announced today that its Board of Directors has approved a stock buyback program to repurchase, from time to time if and as appropriate, up to $40 million of its common stock in the open market.