Evertz Technologies Limited (TSX : ET) submitted a non-binding expression of interest to acquire remaining 90.01% stake in Haivision Systems Inc. (TSX : HAI) for approximately CAD 120 million on March 6, 2023. As per the terms of consideration, Evertz will acquire all of the issued and outstanding common shares of Haivision for CAD 4.50 per share. As of March 3, 2023, Evertz held 2,880,100 Common Shares, representing 9.99% of the issued and outstanding Common Shares of Haivision. Any formal, binding offer would be subject to completion of due diligence procedures by Evertz.

Evertz Technologies Limited (TSX : ET) cancelled the acquisition of remaining 90.01% stake in Haivision Systems Inc. (TSX : HAI) on March 9, 2023. The Evertz Non-binding Expression of Interest expired on March 9, 2023 and provided that prior to entering into and completing due diligence Evertz was unable to provide a binding transaction structure or price.