Quisitive Technology Solutions

Canaccord Genuity Acts as Independent Financial Advisor to the Special Committee of Quisitive Technology Solutions on its Pending Sale to H.I.G. Capital

Canaccord Genuity is pleased to announce that, on January 2, 2025, Quisitive Technology Solutions Inc. (“Quisitive”) (TSXV: QUIS; OTCQX: QUISF), a premier Microsoft Cloud and AI solutions provider, announced that it has 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 Quisitive.

Under the terms of the arrangement agreement, Quisitive shareholders will receive C$0.57 in cash per Quisitive share, other than certain Quisitive shares held by certain employees who enter into equity rollover agreements. The purchase price represents a (i) total equity value of ~C$169 million; (ii) 57.1% premium to the 20-day VWAP per Quisitive share for the period ending on December 31, 2024; and (iii) 52.0% premium to the closing price of the Quisitive share’s on the TSX Venture Exchange on December 31, 2024. Directors and officers, as well as certain other Quisitive shareholders, which hold an aggregate of 84,226,447 Quisitive shares, representing ~30% of the voting rights attached to the Quisitive shares, have entered into customary voting support agreements to vote their Quisitive shares in favour of the transaction, subject to the terms thereof.

Canaccord Genuity acted as independent financial advisor and provided a fairness opinion to the Special Committee of Quisitive.