- FSD Pharma ( NASDAQ: HUGE ) shares gained ~13% premarket on Friday after the biopharmaceutical company announced a normal course issuer bid to repurchase up to 1,925,210 of its Subordinate Class B Voting Shares over the next 12 months.
- That represents ~5% of the company’s issued and outstanding subordinate voting shares as of the date hereof.
- Under its previous bid, the company repurchased for cancellation 1,999,800 subordinate voting shares at an average price of approximately C$1.20/share.
For further details see:
FSD Pharma stock gains on share repurchase authorization