H.I.G. Capital Completes Acquisition of Quisitive
11 Mars 2025 - 3:00PM
Quisitive Technology Solutions, Inc. (“Quisitive” or the
“Company”) (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 (British Columbia)
(the “
Transaction”) pursuant to which, among other
things, an affiliate of funds managed by of H.I.G. Capital (the
“
Purchaser”) acquired all of the issued and
outstanding common shares of Quisitive (the
“
Shares”) 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.
Forward-Looking Information
Certain statements included in this press
release may constitute “forward-looking statements” within the
meaning of applicable Canadian securities legislation. More
particularly and without limitation, this press release contains
forward-looking statements and information regarding the delisting
of the Shares and Quisitive’s application to cease to be a
reporting issuer. Except as may be required by Canadian securities
laws, the Company does not undertake any obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise. Forward-looking
statements, by their very nature, are subject to numerous risks and
uncertainties and are based on several assumptions which give rise
to the possibility that actual results could differ materially from
the Company’s expectations expressed in or implied by such
forward-looking statements and that the objectives, plans,
strategic priorities and business outlook may not be achieved. As a
result, the Company cannot guarantee that any forward-looking
statements will materialize, or if any of them do, what benefits
the Company will derive from them.
In respect of forward-looking statements and
information concerning the delisting of the Shares and Quisitive’s
application to cease to be a reporting issuer, the Company has
provided such statements and information in reliance on certain
assumptions that it believes are reasonable at this time,
including, but not limited to, assumptions as to the ability of the
parties to receive, in a timely manner and on satisfactory terms,
the necessary regulatory and stock exchange approvals. Although the
Company believes that the expectations reflected in these
forward-looking statements are reasonable, it can give no assurance
that these expectations will prove to have been correct.
Accordingly, investors and others are cautioned that undue reliance
should not be placed on any forward-looking statements.
Quisitive Contact:
Tami AndersChief of
Stafftami.anders@quisitive.com 972.573.0995
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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