Quisitive's Shareholders Approve H.I.G. Capital Acquisition

Quisitive Technology Solutions Inc., a leader in Microsoft Cloud and AI solutions, has received strong shareholder support for its acquisition by an affiliate of H.I.G. Capital. The special resolution approving the acquisition was passed with an overwhelming majority at a meeting held for this purpose, where 98.55% of votes were cast in favor. Under the terms of the acquisition, shareholders will receive C$0.57 per share, except for those shares exchanged by rollover shareholders. The deal is now awaiting final court approval scheduled for March 4, 2025, with the closing expected around March 11, 2025. The acquisition represents a strategic move for Quisitive as it continues to focus on transformative outcomes using Microsoft's platform. However, there are several risks outlined, including the requirement for the necessary court approvals and other conditions that need to be satisfied for the arrangement to be completed.