In a $257-million buyout, Q4 Inc., a Toronto-based investor relations software firm, is set to go private with Sumeru Equity Partners.
Shareholders receive $6.05 per share, a 36% premium from November 10’s closing. However, it’s half of the IPO issue price in October 2021.
This move aligns with other Canadian tech firms, like Dialogue Health and BBTV, opting for privatization amid the tech downturn.
Q4 Inc. CEO Darrell Heaps remains optimistic, stating they control execution despite market challenges. The company may return to the capital markets in the future.
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