Maxim Power Corp. received Toronto Stock Exchange approval for a normal course issuer bid (NCIB), allowing it to buy and cancel up to 3,173,127 common shares, or approximately 5% of its 63,462,546 shares outstanding as of September 2, 2026. The program begins September 16, 2026, and can run until September 15, 2027, unless completed or ended earlier. Daily purchases are capped at 2,389 shares, although MAXIM may make one larger block purchase each calendar week. The company also intends to establish an automatic share purchase plan (ASPP) for purchases during internal trading blackout periods. The new NCIB follows a previous bid under which MAXIM bought 306,425 shares at a weighted average price of $4.42 as of August 31, 2026. MAXIM said management believes its shares may at times trade below their underlying value, making repurchases beneficial to shareholders by increasing the proportional ownership of remaining investors.