{"success":true,"data":{"pressRelease":{"id":"155084","rtpr_id":"nNFCqlRjb-20260929","ticker":"WILD","exchange":"TSX","all_tickers":["WILD"],"title":"WildBrain Announces Substantial Issuer Bid for up to C$20,000,000 of Its Common Shares","author":"Newsfile Corp","published_at":"2026-09-29T11:00:15.571Z","article_body":"Toronto, Ontario--(Newsfile Corp. - September 29, 2026) - WildBrain Ltd. (TSX:\nWILD) (\"WildBrain\" or the \"Company\"), a global leader in family entertainment,\nannounced today its intention to commence a substantial issuer bid (the\n\"Offer\") to purchase, for cancellation, a number of common shares of the\nCompany (\"Common Shares\") for an aggregate purchase price not exceeding\nC$20,000,000. The Company anticipates that the Offer will commence on or about\nSeptember 29, 2026, and will expire at 5:00 p.m. (Eastern time) on November 3,\n2026 (the \"Expiry Date\"), unless extended, varied or withdrawn by WildBrain.\n\nThe board of directors of WildBrain (the \"Board\") unanimously determined to\nproceed with the Offer following a recommendation from a special committee of\nindependent directors and after considering the advice of the Company's\nfinancial advisor. The Board believes the purchase of Common Shares is in the\nbest interests of the Company and represents an appropriate use of available\ncash after considering the Company's financial resources, cash requirements,\nbusiness opportunities and the recent trading price of its Common Shares. The\nOffer is not conditional upon the receipt of financing or upon any minimum\nnumber of Common Shares being tendered but is subject to other conditions\ndescribed in the Offer Documents.\n\nWildBrain completed the sale of its 41% interest in Peanuts Holdings LLC on\nMarch 2, 2026, for C$630 million in cash, subject to customary closing\nadjustments. The net proceeds were used to repay approximately C$550.75\nmillion outstanding under the Company's credit agreement, leaving WildBrain\nwith no outstanding corporate borrowings and a significant amount of residual\ncash.\n\n\"Following the completion of the Peanuts transaction, WildBrain is in a strong\nfinancial position, with no outstanding corporate debt and significant capital\nflexibility. After carefully considering the Company's capital requirements\nand strategic priorities, the Board believes the Offer represents a prudent\nuse of a portion of our available cash and an opportunity to return capital to\nshareholders, while maintaining the financial resources to invest in our\nbusiness and pursue future growth opportunities.\"\n\nJosh Scherba, President and Chief Executive Officer of WildBrain\n\nFollowing the Offer, WildBrain expects that its remaining cash reserves,\ntogether with ongoing free cash flow generated by its business and other\npotential sources of liquidity such as new credit facilities, will be\nsufficient to resume purchases under its normal course issuer bid, invest in\ntechnology and content initiatives and continue to selectively pursue external\ngrowth opportunities.\n\nDetails of the Offer\n\nDetails of the Offer, including instructions for tendering Common Shares, will\nbe included in the formal offer to purchase and issuer bid circular, letter of\ntransmittal and the notice of guaranteed delivery (collectively, the \"Offer\nDocuments\"). The Offer Documents will be mailed to shareholders and filed with\napplicable Canadian securities regulatory authorities on or about September\n29, 2026, and made available without charge on SEDAR+ at www.sedarplus.ca, as\nwell as posted on the Company's website at www.wildbrain.com. Shareholders\nshould carefully read the Offer Documents prior to making a decision with\nrespect to the Offer.\n\nAuction Process\n\nThe Offer will proceed by way of a \"modified Dutch auction\". Shareholders who\nwish to participate in the Offer will be able to do so through either one of\nthe two following options: (i) auction tenders, which will allow shareholders\nwho choose to participate in the Offer to individually select the price,\nwithin a range of not less than C$1.30 and not more than C$1.45, per Common\nShare (in increments of C$0.01 per Common Share), at which they are willing to\nsell their Common Shares, or (ii) purchase price tenders in which\nparticipating shareholders will agree to have a specified number of Common\nShares purchased at a purchase price to be determined pursuant to the auction\nand have their Common Shares considered as having been tendered at the minimum\nprice of C$1.30 per Common Share. Shareholders who validly deposit Common\nShares without specifying the method in which they are tendering such Common\nShares will be deemed to have made a purchase price tender.\n\nPurchase Price Determination\n\nUpon expiry of the Offer, WildBrain will determine the purchase price of the\nCommon Shares (the \"Purchase Price\") (which will not be less than C$1.30 per\nCommon Share and not more than C$1.45 per Common Share) that will allow it to\npurchase the maximum number of Common Shares properly tendered to the Offer\npursuant to the auction tenders and the purchase price tenders outlined above,\nwith an aggregate purchase price under the Offer not exceeding C$20,000,000.\nAll Common Shares purchased by the Company pursuant to the Offer (including\nCommon Shares tendered at prices below the Purchase Price) will be purchased\nat the same Purchase Price, subject to the terms and conditions of the Offer\nDocuments. Common Shares not taken up in connection with the Offer, including\nCommon Shares deposited pursuant to auction tenders at prices above the\nPurchase Price, will be returned to the shareholders.\n\nAs of September 25, 2026, 212,298,611 Common Shares were issued and\noutstanding, including 265,600 Common Shares repurchased by the Company\npursuant to its normal course issuer bid (the \"NCIB\") that commenced on April\n10, 2026 and expires on April 9, 2027 that remained pending cancellation. For\npurposes of this press release, the number of Common Shares issued and\noutstanding is presented as 212,033,011, which excludes such repurchased\nCommon Shares. If the Purchase Price is determined to be C$1.30 per Common\nShare (which is the minimum price per Common Share under the Offer), the\nmaximum number of Common Shares that may be purchased by the Company is\n15,384,615 Common Shares or approximately 7.26% of the total number of Common\nShares issued and outstanding. If the Purchase Price is determined to be\nC$1.45 per Common Share (which is the maximum price per Common Share under the\nOffer), the maximum number of Common Shares that may be purchased by the\nCompany is 13,793,103 Common Shares or approximately 6.51% of the total number\nof Common Shares issued and outstanding.\n\nIf Common Shares with an aggregate purchase price greater than C$20,000,000\nare properly tendered and not withdrawn, the Company will purchase the Common\nShares on a pro rata basis, except that qualifying odd-lot tenders from\nshareholders who beneficially own fewer than 100 Common Shares will not be\nsubject to proration. All Common Shares purchased under the Offer will be\ncancelled.\n\nNo director, officer or insider of the Company has advised the Company that\nhe, she or it intends to deposit Common Shares under the Offer. However, they\nmay decide to deposit Common Shares to the Offer in the event that the\ncircumstances or decisions of any such persons change and, subject to\napplicable securities laws, such persons may sell their Common Shares through\nthe facilities of the Toronto Stock Exchange (the \"TSX\") or otherwise during\nthe period prior to the Expiry Date.\n\nFine Capital Partners, L.P., which beneficially owns or exercises control or\ndirection over 96,120,526 Common Shares, representing approximately 45.33% of\nthe issued and outstanding Common Shares, has informed the Company that it\ndoes not intend to participate in the Offer.\n\nThe Offer is not conditional upon any minimum number of Common Shares being\nproperly deposited under the Offer. The Offer is, however, subject to other\nconditions and WildBrain reserves the right, subject to applicable laws, to\nwithdraw, extend or vary the Offer if, at any time prior to the payment of any\nCommon Shares, certain events occur.\n\nThe Company was authorized by the TSX to purchase up to 11,418,541 Common\nShares pursuant to the NCIB. The Company has purchased 2,656,100 Common Shares\nthrough the NCIB. Subject to applicable law, WildBrain has suspended purchases\nunder the NCIB and intends to resume purchases under the NCIB following the\nexpiry or termination of the Offer, in accordance with past practice and\nsubject to market conditions.\n\nWildBrain has engaged Canaccord Genuity Corp. to act as financial advisor and\ndealer manager, and Computershare Investor Services Inc. to act as depositary\nfor the Offer. Evans & Evans, Inc. has provided an independent liquidity\nopinion regarding the market for the Common Shares following completion of the\nOffer.\n\nShareholders with questions regarding the Offer or how to tender their Common\nShares may contact the Depositary, Computershare Investor Services Inc.,\ntoll-free in Canada and the United States at 1-800-564-6253, from outside\nNorth America at +1 514-982-7555, or by email at\ncorporateactions@computershare.com. Shareholders may also contact the Dealer\nManager, Canaccord Genuity Corp., by email at ecm@cgf.com.\n\nThis press release is for informational purposes only and does not constitute\nan offer to buy or the solicitation of an offer to sell Common Shares. The\nsolicitation and the offer to buy the Common Shares will only be made pursuant\nto the Offer Documents to be filed with the applicable securities regulatory\nauthorities in Canada. The Offer will be optional for all shareholders, who\nwill be free to choose whether to participate, how many Common Shares to\ntender and, in the case of auction tenders, at what price to tender within the\nspecified range. Any shareholder who does not deposit any Common Shares (or\nwhose Common Shares are not repurchased under the Offer) will realize a\nproportionate increase in its percentage equity interest in WildBrain, to the\nextent that Common Shares are purchased and cancelled under the Offer. The\nOffer will not be made to, nor will tenders be accepted from or on behalf of,\nholders of Common Shares in any jurisdiction in which the making or acceptance\nof offers to sell Common Shares would not be in compliance with the laws of\nthat jurisdiction. The Board has approved the Offer. However, none of\nWildBrain or its Board, the special committee, the financial advisor, dealer\nmanager, the depositary or the provider of the liquidity opinion makes any\nrecommendation to any shareholder as to whether to deposit or refrain from\ndepositing any or all Common Shares under the Offer. Shareholders are strongly\nurged to review and evaluate carefully all information in the Offer Documents,\nto consult their own financial, tax and legal advisors, and to make their own\ndecisions as to whether to deposit Common Shares under the Offer. Shareholders\nshould carefully consider the income tax consequences of accepting the Offer\nand depositing Common Shares under the Offer.\n\nFor more information, please contact:\n\nInvestors\nKathleen Persaud, Vice President, Investor Relations\nWildBrain\nkathleen.persaud@wildbrain.com\n+1 212 405 6089\n\nMedia\nShaun Smith, Senior Director, Corporate Communications\nWildBrain\nshaun.smith@wildbrain.com\n+1 416 977 7230\n\nAbout WildBrain\n\nAt WildBrain, we build and grow beloved family brands through exceptional\nentertainment experiences. Home to franchises such as Strawberry Shortcake,\nTeletubbies, Yo Gabba Gabba!, Inspector Gadget and Degrassi, we are a global\nleader in franchise management-bringing stories to life through content\nproduction, audience reach and consumer products. Our award-winning studio has\npartnered with top global platforms such as Apple TV, Netflix and the BBC,\nproducing acclaimed series such as The Snoopy Show, Strawberry Shortcake:\nBerry in the Big City, Teletubbies (2015), Yo Gabba GabbaLand! and Finding Her\nEdge. The WildBrain Network, offering more than 1,000 channels across YouTube,\nFAST and AVOD, delivers premium-quality content to today's kids and families\nwherever they're watching-connecting advertisers to audiences at scale through\nbrand-safe media solutions. WildBrain CPLG, our global licensing and consumer\nproducts arm, represents our own and partner brands across major territories\nworldwide. Headquartered in Toronto, WildBrain trades on the Toronto Stock\nExchange (TSX: WILD). Visit us at wildbrain.com\n(https://api.newsfilecorp.com/redirect/EZBjWT2aEx).\n\nCaution concerning forward-looking statements\n\nStatements made in this news release, other than those concerning historical\nfinancial information, may be forward-looking and therefore subject to various\nrisks and uncertainties. Some forward-looking statements may be identified by\nwords like \"may\", \"will\", \"anticipate\", \"estimate\", \"expect\", \"intend\", or\n\"continue\" or the negative thereof or similar variations and include\nstatements about the Offer and the NCIB. Certain material factors or\nassumptions are applied in making forward-looking statements and actual\nresults may differ materially from those expressed or implied in such\nstatements. Factors that could cause results to vary include those identified\nin WildBrain's filings with Canadian securities regulatory authorities such as\nlegislative or regulatory developments, intensifying competition,\ntechnological change and general economic conditions. All forward-looking\nstatements presented herein should be considered in conjunction with such\nfilings. WildBrain does not undertake to update any forward-looking\nstatements; such statements speak only as of the date made.\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/316442","article_body_html":"","raw_payload":{"data":{"id":"nNFCqlRjb-20260929","title":"WildBrain Announces Substantial Issuer Bid for up to C$20,000,000 of Its Common Shares","author":"Newsfile Corp","ticker":"WILD","created":"2026-09-29T11:00:15.571Z","tickers":["WILD"],"exchange":"TSX","article_body":"Toronto, Ontario--(Newsfile Corp. - September 29, 2026) - WildBrain Ltd. (TSX:\nWILD) (\"WildBrain\" or the \"Company\"), a global leader in family entertainment,\nannounced today its intention to commence a substantial issuer bid (the\n\"Offer\") to purchase, for cancellation, a number of common shares of the\nCompany (\"Common Shares\") for an aggregate purchase price not exceeding\nC$20,000,000. The Company anticipates that the Offer will commence on or about\nSeptember 29, 2026, and will expire at 5:00 p.m. (Eastern time) on November 3,\n2026 (the \"Expiry Date\"), unless extended, varied or withdrawn by WildBrain.\n\nThe board of directors of WildBrain (the \"Board\") unanimously determined to\nproceed with the Offer following a recommendation from a special committee of\nindependent directors and after considering the advice of the Company's\nfinancial advisor. The Board believes the purchase of Common Shares is in the\nbest interests of the Company and represents an appropriate use of available\ncash after considering the Company's financial resources, cash requirements,\nbusiness opportunities and the recent trading price of its Common Shares. The\nOffer is not conditional upon the receipt of financing or upon any minimum\nnumber of Common Shares being tendered but is subject to other conditions\ndescribed in the Offer Documents.\n\nWildBrain completed the sale of its 41% interest in Peanuts Holdings LLC on\nMarch 2, 2026, for C$630 million in cash, subject to customary closing\nadjustments. The net proceeds were used to repay approximately C$550.75\nmillion outstanding under the Company's credit agreement, leaving WildBrain\nwith no outstanding corporate borrowings and a significant amount of residual\ncash.\n\n\"Following the completion of the Peanuts transaction, WildBrain is in a strong\nfinancial position, with no outstanding corporate debt and significant capital\nflexibility. After carefully considering the Company's capital requirements\nand strategic priorities, the Board believes the Offer represents a prudent\nuse of a portion of our available cash and an opportunity to return capital to\nshareholders, while maintaining the financial resources to invest in our\nbusiness and pursue future growth opportunities.\"\n\nJosh Scherba, President and Chief Executive Officer of WildBrain\n\nFollowing the Offer, WildBrain expects that its remaining cash reserves,\ntogether with ongoing free cash flow generated by its business and other\npotential sources of liquidity such as new credit facilities, will be\nsufficient to resume purchases under its normal course issuer bid, invest in\ntechnology and content initiatives and continue to selectively pursue external\ngrowth opportunities.\n\nDetails of the Offer\n\nDetails of the Offer, including instructions for tendering Common Shares, will\nbe included in the formal offer to purchase and issuer bid circular, letter of\ntransmittal and the notice of guaranteed delivery (collectively, the \"Offer\nDocuments\"). The Offer Documents will be mailed to shareholders and filed with\napplicable Canadian securities regulatory authorities on or about September\n29, 2026, and made available without charge on SEDAR+ at www.sedarplus.ca, as\nwell as posted on the Company's website at www.wildbrain.com. Shareholders\nshould carefully read the Offer Documents prior to making a decision with\nrespect to the Offer.\n\nAuction Process\n\nThe Offer will proceed by way of a \"modified Dutch auction\". Shareholders who\nwish to participate in the Offer will be able to do so through either one of\nthe two following options: (i) auction tenders, which will allow shareholders\nwho choose to participate in the Offer to individually select the price,\nwithin a range of not less than C$1.30 and not more than C$1.45, per Common\nShare (in increments of C$0.01 per Common Share), at which they are willing to\nsell their Common Shares, or (ii) purchase price tenders in which\nparticipating shareholders will agree to have a specified number of Common\nShares purchased at a purchase price to be determined pursuant to the auction\nand have their Common Shares considered as having been tendered at the minimum\nprice of C$1.30 per Common Share. Shareholders who validly deposit Common\nShares without specifying the method in which they are tendering such Common\nShares will be deemed to have made a purchase price tender.\n\nPurchase Price Determination\n\nUpon expiry of the Offer, WildBrain will determine the purchase price of the\nCommon Shares (the \"Purchase Price\") (which will not be less than C$1.30 per\nCommon Share and not more than C$1.45 per Common Share) that will allow it to\npurchase the maximum number of Common Shares properly tendered to the Offer\npursuant to the auction tenders and the purchase price tenders outlined above,\nwith an aggregate purchase price under the Offer not exceeding C$20,000,000.\nAll Common Shares purchased by the Company pursuant to the Offer (including\nCommon Shares tendered at prices below the Purchase Price) will be purchased\nat the same Purchase Price, subject to the terms and conditions of the Offer\nDocuments. Common Shares not taken up in connection with the Offer, including\nCommon Shares deposited pursuant to auction tenders at prices above the\nPurchase Price, will be returned to the shareholders.\n\nAs of September 25, 2026, 212,298,611 Common Shares were issued and\noutstanding, including 265,600 Common Shares repurchased by the Company\npursuant to its normal course issuer bid (the \"NCIB\") that commenced on April\n10, 2026 and expires on April 9, 2027 that remained pending cancellation. For\npurposes of this press release, the number of Common Shares issued and\noutstanding is presented as 212,033,011, which excludes such repurchased\nCommon Shares. If the Purchase Price is determined to be C$1.30 per Common\nShare (which is the minimum price per Common Share under the Offer), the\nmaximum number of Common Shares that may be purchased by the Company is\n15,384,615 Common Shares or approximately 7.26% of the total number of Common\nShares issued and outstanding. If the Purchase Price is determined to be\nC$1.45 per Common Share (which is the maximum price per Common Share under the\nOffer), the maximum number of Common Shares that may be purchased by the\nCompany is 13,793,103 Common Shares or approximately 6.51% of the total number\nof Common Shares issued and outstanding.\n\nIf Common Shares with an aggregate purchase price greater than C$20,000,000\nare properly tendered and not withdrawn, the Company will purchase the Common\nShares on a pro rata basis, except that qualifying odd-lot tenders from\nshareholders who beneficially own fewer than 100 Common Shares will not be\nsubject to proration. All Common Shares purchased under the Offer will be\ncancelled.\n\nNo director, officer or insider of the Company has advised the Company that\nhe, she or it intends to deposit Common Shares under the Offer. However, they\nmay decide to deposit Common Shares to the Offer in the event that the\ncircumstances or decisions of any such persons change and, subject to\napplicable securities laws, such persons may sell their Common Shares through\nthe facilities of the Toronto Stock Exchange (the \"TSX\") or otherwise during\nthe period prior to the Expiry Date.\n\nFine Capital Partners, L.P., which beneficially owns or exercises control or\ndirection over 96,120,526 Common Shares, representing approximately 45.33% of\nthe issued and outstanding Common Shares, has informed the Company that it\ndoes not intend to participate in the Offer.\n\nThe Offer is not conditional upon any minimum number of Common Shares being\nproperly deposited under the Offer. The Offer is, however, subject to other\nconditions and WildBrain reserves the right, subject to applicable laws, to\nwithdraw, extend or vary the Offer if, at any time prior to the payment of any\nCommon Shares, certain events occur.\n\nThe Company was authorized by the TSX to purchase up to 11,418,541 Common\nShares pursuant to the NCIB. The Company has purchased 2,656,100 Common Shares\nthrough the NCIB. Subject to applicable law, WildBrain has suspended purchases\nunder the NCIB and intends to resume purchases under the NCIB following the\nexpiry or termination of the Offer, in accordance with past practice and\nsubject to market conditions.\n\nWildBrain has engaged Canaccord Genuity Corp. to act as financial advisor and\ndealer manager, and Computershare Investor Services Inc. to act as depositary\nfor the Offer. Evans & Evans, Inc. has provided an independent liquidity\nopinion regarding the market for the Common Shares following completion of the\nOffer.\n\nShareholders with questions regarding the Offer or how to tender their Common\nShares may contact the Depositary, Computershare Investor Services Inc.,\ntoll-free in Canada and the United States at 1-800-564-6253, from outside\nNorth America at +1 514-982-7555, or by email at\ncorporateactions@computershare.com. Shareholders may also contact the Dealer\nManager, Canaccord Genuity Corp., by email at ecm@cgf.com.\n\nThis press release is for informational purposes only and does not constitute\nan offer to buy or the solicitation of an offer to sell Common Shares. The\nsolicitation and the offer to buy the Common Shares will only be made pursuant\nto the Offer Documents to be filed with the applicable securities regulatory\nauthorities in Canada. The Offer will be optional for all shareholders, who\nwill be free to choose whether to participate, how many Common Shares to\ntender and, in the case of auction tenders, at what price to tender within the\nspecified range. Any shareholder who does not deposit any Common Shares (or\nwhose Common Shares are not repurchased under the Offer) will realize a\nproportionate increase in its percentage equity interest in WildBrain, to the\nextent that Common Shares are purchased and cancelled under the Offer. The\nOffer will not be made to, nor will tenders be accepted from or on behalf of,\nholders of Common Shares in any jurisdiction in which the making or acceptance\nof offers to sell Common Shares would not be in compliance with the laws of\nthat jurisdiction. The Board has approved the Offer. However, none of\nWildBrain or its Board, the special committee, the financial advisor, dealer\nmanager, the depositary or the provider of the liquidity opinion makes any\nrecommendation to any shareholder as to whether to deposit or refrain from\ndepositing any or all Common Shares under the Offer. Shareholders are strongly\nurged to review and evaluate carefully all information in the Offer Documents,\nto consult their own financial, tax and legal advisors, and to make their own\ndecisions as to whether to deposit Common Shares under the Offer. Shareholders\nshould carefully consider the income tax consequences of accepting the Offer\nand depositing Common Shares under the Offer.\n\nFor more information, please contact:\n\nInvestors\nKathleen Persaud, Vice President, Investor Relations\nWildBrain\nkathleen.persaud@wildbrain.com\n+1 212 405 6089\n\nMedia\nShaun Smith, Senior Director, Corporate Communications\nWildBrain\nshaun.smith@wildbrain.com\n+1 416 977 7230\n\nAbout WildBrain\n\nAt WildBrain, we build and grow beloved family brands through exceptional\nentertainment experiences. Home to franchises such as Strawberry Shortcake,\nTeletubbies, Yo Gabba Gabba!, Inspector Gadget and Degrassi, we are a global\nleader in franchise management-bringing stories to life through content\nproduction, audience reach and consumer products. Our award-winning studio has\npartnered with top global platforms such as Apple TV, Netflix and the BBC,\nproducing acclaimed series such as The Snoopy Show, Strawberry Shortcake:\nBerry in the Big City, Teletubbies (2015), Yo Gabba GabbaLand! and Finding Her\nEdge. The WildBrain Network, offering more than 1,000 channels across YouTube,\nFAST and AVOD, delivers premium-quality content to today's kids and families\nwherever they're watching-connecting advertisers to audiences at scale through\nbrand-safe media solutions. WildBrain CPLG, our global licensing and consumer\nproducts arm, represents our own and partner brands across major territories\nworldwide. Headquartered in Toronto, WildBrain trades on the Toronto Stock\nExchange (TSX: WILD). Visit us at wildbrain.com\n(https://api.newsfilecorp.com/redirect/EZBjWT2aEx).\n\nCaution concerning forward-looking statements\n\nStatements made in this news release, other than those concerning historical\nfinancial information, may be forward-looking and therefore subject to various\nrisks and uncertainties. Some forward-looking statements may be identified by\nwords like \"may\", \"will\", \"anticipate\", \"estimate\", \"expect\", \"intend\", or\n\"continue\" or the negative thereof or similar variations and include\nstatements about the Offer and the NCIB. Certain material factors or\nassumptions are applied in making forward-looking statements and actual\nresults may differ materially from those expressed or implied in such\nstatements. Factors that could cause results to vary include those identified\nin WildBrain's filings with Canadian securities regulatory authorities such as\nlegislative or regulatory developments, intensifying competition,\ntechnological change and general economic conditions. All forward-looking\nstatements presented herein should be considered in conjunction with such\nfilings. WildBrain does not undertake to update any forward-looking\nstatements; such statements speak only as of the date made.\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/316442"},"type":"article","timestamp":"2026-09-29T11:00:15.670500153Z","server_sent_at_ms":1790679615670},"received_at":"2026-09-29T11:00:15.722Z","source_url":"https://www.newsfilecorp.com/release/316442"},"analysis":{"id":"143833","press_release_id":"155084","analysis_json":{"industry":{"label":"Entertainment","sector":"Communication Services"},"redFlags":["Largest shareholder (Fine Capital, 45.33%) declining to tender could limit accretion and signal its own valuation view","No minimum tender condition -- Offer could be undersubscribed","Offer may be extended, varied or withdrawn at company discretion"],"eventType":"buyback","narrative":"WildBrain announced a substantial issuer bid to repurchase up to C$20 million of its common shares for cancellation via a modified Dutch auction, with a price range of C$1.30 to C$1.45 per share.\n\nAt the price range bounds, the Offer would retire roughly 6.51% to 7.26% of the 212 million shares outstanding, expiring November 3, 2026.\n\nThe buyback is funded by residual cash from the March 2026 sale of its 41% Peanuts Holdings stake for C$630 million, which also eliminated approximately C$550.75 million of debt, leaving no outstanding corporate borrowings.\n\nNotably, major holder Fine Capital Partners (45.33%) will not participate, concentrating its stake further if the Offer proceeds.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Debt-free WildBrain returns C$20M via Dutch auction buyback after Peanuts exit -- watch tender pricing and top-holder non-participation."},"keyFigures":{"dealValueUsd":20000000,"customDimensions":{"currency":"CAD","debt_repaid":"C$550.75 million","price_range_low":"C$1.30","price_range_high":"C$1.45","peanuts_stake_sale":"C$630 million","shares_outstanding":212033011,"max_shares_at_max_price":13793103,"max_shares_at_min_price":15384615,"pct_outstanding_low_price":"7.26%","pct_outstanding_high_price":"6.51%"}},"quotedText":"Following the completion of the Peanuts transaction, WildBrain is in a strong financial position, with no outstanding corporate debt and significant capital flexibility.","namedEntities":{"people":[{"name":"Josh Scherba","role":"President and CEO"},{"name":"Kathleen Persaud","role":"VP, Investor Relations"},{"name":"Shaun Smith","role":"Senior Director, Corporate Communications"}],"products":["Strawberry Shortcake","Teletubbies","Yo Gabba Gabba!","Inspector Gadget","Degrassi","The Snoopy Show"],"companies":[{"name":"WildBrain Ltd.","ticker":"WILD","relationship":"filer"},{"name":"Fine Capital Partners, L.P.","relationship":"major shareholder (45.33%), not participating in the Offer"},{"name":"Canaccord Genuity Corp.","relationship":"financial advisor and dealer manager"},{"name":"Computershare Investor Services Inc.","relationship":"depositary"},{"name":"Evans & Evans, Inc.","relationship":"liquidity opinion provider"},{"name":"Peanuts Holdings LLC","relationship":"divested 41% interest"}],"dollarAmounts":[{"amount":"C$20,000,000","context":"maximum aggregate purchase price of substantial issuer bid"},{"amount":"C$630 million","context":"sale of 41% interest in Peanuts Holdings LLC"},{"amount":"C$550.75 million","context":"credit agreement repayment from Peanuts sale proceeds"},{"amount":"C$1.30","context":"minimum Offer price per share"},{"amount":"C$1.45","context":"maximum Offer price per share"}]},"materialImpact":{"score":3,"reasoning":"Substantial issuer bid to repurchase up to C$20M (~6.5-7.3% of shares) via modified Dutch auction, funded by residual cash from the C$630M Peanuts stake sale. 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