Chorus Aviation has launched a substantial issuer bid to purchase up to CA$50 million ($36 million) of its Class A and Class B shares at a purchase price of between CA$23 () and CA$25 per share.
The offer will be made through a modified Dutch auction, allowing shareholders to set a price within the range.
“Chorus' board of directors believes that the offer is an advisable use of the company's financial resources given its available cash resources, its ongoing cash requirements and access to capital markets, as well as the fact that the company believes the recent trading price of its shares is not fully reflective of the value of the company's business and future prospects,” the company said in a statement.
The offer is expected to commence on September 26, 2025, and expire on November 10, 2025.