Proxy advisory firms recommend Quisitive shareholders vote for acquisition

Quisitive Technology (QUISF) announced that two leading independent proxy advisory firms, including Institutional Shareholder Services, have recommended that holders of common shares of Quisitive vote “FOR” the resolution approving the proposed acquisition of Quisitive by an affiliate of funds managed by H.I.G. Capital pursuant to a plan of arrangement under the Business Corporations Act. The ISS report states that, among other things, “the offer represents a meaningful premium to the unaffected price, the special committee appears to have run a robust process…As such, support for the proposal is warranted.” The ISS report highlighted that the offer of C$0.57 in cash per Share represents a significant 52% premium to the unaffected closing price of the Shares and that the Arrangement is the result of an extensive and rigorous sales process. The board of directors of Quisitive and the special committee of the Board unanimously recommend that Shareholders vote “FOR” the Arrangement.