Shares Take Flight On Acquisition News

By: Dylan Sikes – AllPennyStocks.com News

Thursday, January 2, 2025

This premier global Microsoft partner is leveraging the power of the Microsoft cloud platform and artificial intelligence. And shares are up over 45 percent in afternoon trade following news that it would be acquired.

Quisitive Technology Solutions Inc. (TSXV: QUIS) (OTCQX: QUISF), a premier Microsoft Cloud and AI solutions provider, announced in a press release 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 Quisitive.

Under the terms of the agreement, shareholders will receive C$0.57 per share in cash, other than Shares held by certain employees who enter into equity rollover agreements, representing a total equity value of approximately C$169.1 million. The purchase price 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.

Quisitive focuses on helping enterprises across industries leverage the Microsoft platform to adopt, innovate, and thrive in the era of AI. The all-cash consideration delivers significant and immediate value to Quisitive shareholders.

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