Transactions

Transactions

Overview

Quisitive Completes $40 Million Financing Transaction in connection with the Proposed Acquisition of Catapult Systems

November 17, 2021

Quisitive Technology Solutions, Inc. (TSXV:QUIS), a premier Microsoft solutions provider, completed a public offering of 33,340,000 common shares (the “Common Shares”) at a price of $1.20 per Common Share for aggregate gross proceeds of approximately $40 million (the “Offering”).

The Offering was completed in connection with the proposed acquisition by Quisitive of Catapult Systems, LLC, an Austin, Texas based Microsoft-focused digital solutions and services.

The Offering was conducted by a syndicate of underwriters co-led by Scotiabank, Canaccord Genuity Corp., Eight Capital (collectively the “Joint Bookrunners”) and including Desjardins Securities Inc., Raymond James Ltd., Echelon Wealth Partners Inc., and Beacon Securities Limited (collectively, with the Joint Bookrunners, the “Underwriters”).

Wildeboer Dellelce LLP acted for the Underwriters in connection with the Offering with a team that consisted of Perry Dellelce, Sanjeev Patel, Niall Sweeney and Jeff Arnold (corporate/securities) and Katy Pitch (tax).