The TSX Venture Exchange has accepted for filing documentation in connection with the plan of arrangement between Quisitive Technology Solutions Inc. and Irving Parent Corp., an affiliate of funds managed by of H.I.G. Capital LLC, under the provisions of the Business Corporations Act (British Columbia). The arrangement was carried out pursuant to the terms of an arrangement agreement between 1517079 B.C. ULC and Quisitive, as amended pursuant to an amending agreement dated Jan. 28, 2025, and as assigned by 1517079 to the purchaser pursuant to an assignment agreement dated Jan. 28, 2025. The arrangement was approved by Quisitive's shareholders at a special meeting of shareholders held on Feb. 28, 2025, and the final order from the Supreme Court of British Columbia approving the arrangement was received on March 4, 2025. The arrangement was completed on March 11, 2025, and resulted in the purchaser acquiring all of the issued and outstanding common shares of Quisitive for 57 cents per common share in cash, other than common shares held by certain employees who entered into rollover agreements.
For additional information regarding the arrangement, please refer to the management information circular of Quisitive dated Jan. 28, 2025, and Quisitive's news releases dated Jan. 2, 2025, Feb. 4, 2025, Feb. 20, 2025, Feb. 28, 2025, and March 11, 2025, available on Quisitive's profile on SEDAR+.
As a result of the completion of the arrangement and at the request of Quisitive, effective at the close of business on Wednesday, March 12, 2025, the common shares of Quisitive will be delisted from the exchange.
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