Givex

Canaccord Genuity Acts as Exclusive Financial Advisor to Givex Corp. on its Pending Sale to Shift4 Payments, Inc.

Canaccord Genuity is pleased to announce that, on August 26, 2024, its client, Givex, announced that it has entered into a definitive arrangement agreement (“Arrangement Agreement”) with Shift4 Payments, Inc. (“Shift4”) pursuant to which Shift4 has agreed to acquire all of the issued and outstanding shares of Givex (“Givex Shares”), by way of a statutory plan of arrangement under the Business Corporations Act (Ontario) (“Transaction”). Under the terms of the Arrangement Agreement, holders of Givex Shares (“Givex Shareholders”) will receive C$1.50 in cash for each Givex Share held (“Consideration”), which implies an aggregate equity value for Givex of approximately C$200 million, on a fully diluted, in-the-money, treasury method basis. The Consideration represents a 64% premium to the 20-day volume-weighted average price of the Givex Shares on the Toronto Stock Exchange for the period ended August 23, 2024, the last trading day prior to the announcement of the Transaction. Directors, executive officers and significant Givex Shareholders, which together represent 57.4% of the Givex Shares outstanding, have entered into voting support agreements in favour of the Transaction.

Since 1999, Givex has provided technology solutions that unleash the full potential of engagement, creating and cultivating powerful connections that unite brands and customers. With a global footprint of 132,000+ active locations across more than 100 countries, Givex unleashes strategic insights, empowering brands through reliable technology and exceptional support. Givex's integrated end-to-end management solution provides Gift Cards, GivexPOS, Loyalty Programs and more, creating growth opportunities for businesses of all sizes and industries.

Shift4 is boldly redefining commerce by simplifying complex payments ecosystems across the world. As the leader in commerce-enabling technology, Shift4 powers billions of transactions annually for hundreds of thousands of businesses in virtually every industry.

Canaccord Genuity acted as exclusive financial advisor, and provided a fairness opinion, to Givex.