Pender Growth Fund Announces Merger with Acorn Partners

Pender Growth Fund Inc. has announced a strategic merger between its subsidiary, Pender Software Holdings Ltd., and Acorn Partners Inc. The merger is aimed at enhancing Pender Software's capacity to serve as a leading capital partner for software companies. With the integration of Acorn's team, Pender Software boosts its acquisition and operational expertise, positioning itself for expansion and long-term value creation within its portfolio. Pender Software plans to scale operations through strategic acquisitions and actively seeks high-quality software firms across Canada, the U.S., and the U.K. to further its growth objectives. The merger exemplifies Pender Software's commitment to empowering management teams, optimizing operations, and delivering stakeholder value. Pender Growth Fund, which trades on the TSX Venture Exchange under the symbol PTF, seeks unique investment opportunities, primarily focusing on small cap and special situations in the technology sector.