Inactive Instrument

Q4 Inc.

QFOR

CA74738R1047

Financial Technology (Fintech)

Sumeru Equity Partners signs agreement to buy Q4 in deal valued at $257 million

November 13, 2023 at 10:38 pm IST

TORONTO — Q4 Inc. has agreed to be taken private by a private equity firm in a deal valued at $257 million.

Sumeru Equity Partners has agreed to pay $6.05 per share for Q4, which helps companies communicate with shareholders and hold virtual events.

Q4 shares were up $1.52 at $5.96 in trading on the Toronto Stock Exchange on Monday morning.

Q4 founder and chief executive Darrell Heaps says the Sumeru team has a deep understanding of the company's business and that their support will help it grow.

The agreement includes a go-shop provision which allows Q4 to solicit, evaluate and enter into talks regarding potentially superior bids.

The deal, which requires shareholder approval, is expected to close in the first quarter of 2024.

This report by The Canadian Press was first published Nov. 13, 2023.

Companies in this story: (TSX:QFOR)

Latest news about Q4 Inc.

Q4 Inc. announced that it has received funding	25/04	CI
Q4 Inc. Announces Chief Financial Officer Changes	06/03	CI
Q4 Completes Plan of Arrangement With Sumeru Equity Partners	02/02	MT
Q4 Inc. Announces the Completion of the Plan of Arrangement with Sumeru Equity Partners	01/02	CI
Sumeru Equity Partners, LP completed the acquisition of Q4 Inc. from Ten Coves Capital, LP, Darrell Heaps, Neil Murdoch and others.	01/02	CI
Q4 Says Court Issued Final Order to Approve Arrangement With Sumeru Equity Partners	30/01	MT
Third Part: National Bank Provides Quarterly Previews for Technology Companies	26/01	MT
Transcript : Q4 Inc. - Shareholder/Analyst Call	24/01
FINSIGHT Group Issues a Letter to Shareholders of Q4	17/01	CI
Q4 Urges Shareholders to Approve Proposed Acquisition by Sumeru Equity Partners; Comes After Second Proxy Advisory Firm Recommended the Deal	15/01	MT
Q4 Says Second Proxy Advisory Firm Recommends Shareholders to Vote For Proposed Purchase by Sumeru Equity Partners	15/01	MT
Q4 Inc. Brief: Says Received Support from Independent Proxy Advisor ISS and Issues Materials Detailing Why Shareholders Should Vote FOR "Value-Maximizing" Proposed Acquisition by Sumeru Equity Partners	10/01	MT
Q4 Inc. Brief: Says Filed and Mailed Management Information Circular for Special Meeting of Shareholders to Approve Proposed Acquisition by Sumeru Equity Partners	03/01	MT
FINSIGHT Group Says Intends to Vote AGAINST Q4 Inc.'s Proposed Acquisition by Sumeru Equity Partners	29/12	MT
Q4 Inc. Announces Release of Innovative Enhancements to the Fourth Platform	30/11	CI
Tranche Update on Q4 Inc.'s Equity Buyback Plan announced on March 29, 2023.	14/11	CI
Q4 Inc. Price Target Raised to $6.05 at RBC Following Acquisition Deal	14/11	MT
Q4 Narrows Q3 Loss, Revenue Jumps; Agrees to be Bought by Sumeru Equity Partners; Up Over 34%	14/11	MT
Q4 Narrows Q3 Loss, Revenue Jumps; Agrees to be Bought by Sumeru Equity Partners	13/11	MT
Q4 Inc. Brief: Entered into Definitive Agreement to be Acquired by Sumeru Equity Partners; Shareholders to receive cash payment of $6.05 per Common Share	13/11	MT
Q4 Inc. Brief: Q3 Net loss per share of $(0.09), a $0.21 per share improvement	13/11	MT
Q4 Inc. Brief: Revenue of US$14.7 million, up 3.5%, driven by 5% subscription revenue growth	13/11	MT
Q4 Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	13/11	CI
Sumeru Equity Partners, LP entered into a definitive arrangement agreement to acquire Q4 Inc. for approximately CAD 260 million.	13/11	CI
Transcript : Q4 Inc., Q2 2023 Earnings Call, Aug 09, 2023	09/23/09

Q4 Inc. is a Canada-based capital markets access platform, which is engaged in the development, marketing and support of investor relations and capital market software services. The Company offers a range of products to publicly listed companies, investment managers and investment banks along a variety of workflows, including investor relations, corporate access, deal management and research. Its cloud-based software platform of products provides corporate customers with critical technology infrastructure and data that may be used to support their investor relations teams through its Websites, virtual events, customer relationship management, and analytics products. The end-to-end technology platform facilitates interactions across the capital markets through its investor relations (IR) Website products. It delivers its services primarily over the Internet on a subscription basis using the software-as-a service (SaaS) model. It provides integrated webcasting, audio, and multimedia.

Sector

Financial Technology (Fintech)

Calendar

08/08/2024 - Q2 2024 Earnings Release (Projected)

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Financial Technology (Fintech) (NEC)

Q4 Inc.

Equities

QFOR

CA74738R1047

Financial Technology (Fintech)

Sumeru Equity Partners signs agreement to buy Q4 in deal valued at $257 million

Latest news about Q4 Inc.

Chart Q4 Inc.

Company Profile

Sector Financial Technology (Fintech) (NEC)