Quisitive to be acquired by H.I.G. Capital for C$0.57 per share in cash

Quisitive Technology (QUISF) Solutions announced that on December 31, 2024 it entered into an arrangement agreement pursuant to which an affiliate of H.I.G. Capital will acquire all of the issued and outstanding common shares of the Company. Under the terms of the Arrangement Agreement, shareholders will receive C$0.57 per Share in cash, other than Shares held by certain employees who enter into equity rollover agreements. The purchase price of the Transaction represents a total equity value of approximately C$169.1 million. The purchase price per Share further represents a 57.1% premium to the 20-day volume-weighted average price per share for the period ending on December 31, 2024, and a 52.0% premium to the closing price on the TSX Venture Exchange on December 31, 2024.