On February 10, 2023, Tucows Inc announced 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. In addition, the Company stated that the new $40 million buyback program will commence on February 10, 2023, and will terminate on or before February 9, 2024, purchases for the new buyback program will be made exclusively through the facilities of the Nasdaq Capital Market, the previously announced $40 million buyback program, which commenced February 11, 2022, has been terminated. Further, the Company stated that the purchase will be funded from available working capital and existing credit facilities.