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QUISITIVE MAKES $(C)500M SHELF FILING Featured

Quisitive Technology Solutions has filed a prospectus for a $500-million (Canadian) shelf offering with Canadian and provincial authorities. The total value of the offering filed by the Dynamics reseller is about $384 million

No single use of proceeds was outlined. However, acquisition is one of the broad uses mentioned and given the company’s intention to acquire other resellers and IT companies it sounds like a likely direction.  Helping with the launch of its LedgerPay payments business was also mentioned. The Shelf Prospectus expires in September 2024 and gives the company the ability to offer any combination of equities—common shares, debt securities, subscription receipts, warrants or units—at different times during the period it is effective.

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