TORONTO, March 11, 2025 (GLOBE NEWSWIRE) — Quisitive Technology Solutions, Inc. (TSXV: QUIS; OTCQX: QUISF), a premier Microsoft Cloud and AI solutions provider, is pleased to announce the successful completion of the previously announced plan of arrangement under the Business Corporations Act pursuant to which, among other things, an affiliate of funds managed by of H.I.G. Capital acquired all of the issued and outstanding common shares of Quisitive for C$0.57 per Share in cash, other than Shares previously held by certain employees who entered into rollover agreements.
The Company received the final order from the Supreme Court of British Columbia approving the Transaction on March 4, 2025, and the Shares are expected to be delisted from the TSX Venture Exchange after the end of trading on March 12, 2025. The Purchaser intends to cause Quisitive to submit an application to cease to be a reporting issuer under applicable Canadian securities laws.
Further details regarding the Transaction can be found in the Company’s management information circular dated January 28, 2025, which is filed under the Company’s SEDAR+ profile at www.sedarplus.ca.
About Quisitive
Quisitive is a premier, global Microsoft partner leveraging the power of the Microsoft cloud platform and artificial intelligence, alongside custom and proprietary technologies, to drive transformative outcomes for its customers. The Company focuses on helping enterprises across industries leverage the Microsoft platform to adopt, innovate, and thrive in the era of AI. For more information, visit www.Quisitive.com and follow @BeQuisitive.
