Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

BRIEF-VIQ Solutions Accelerates M&A Strategy With Accretive Acquisition Of U.S. Digital Media Content And Transcription Provider

Published 2020-02-04, 10:08 a/m
Updated 2020-02-04, 12:50 p/m
BRIEF-VIQ Solutions Accelerates M&A Strategy With Accretive Acquisition Of U.S. Digital Media Content And Transcription Provider

Feb 4 (Reuters) - VIQ Solutions Inc VQS.V :

* VIQ SOLUTIONS ACCELERATES M&A STRATEGY WITH ACCRETIVE ACQUISITION OF A LEADING U.S. DIGITAL MEDIA CONTENT AND TRANSCRIPTION PROVIDER

* VIQ SOLUTIONS INC - PURCHASE PRICE PAID FOR ASC ACQUISITION WAS $6.9 MILLION

* VIQ SOLUTIONS INC - TRANSACTION IS EXPECTED TO BE IMMEDIATELY ACCRETIVE TO VIQ'S OPERATING INCOME AND NET EARNINGS

* VIQ SOLUTIONS INC - ACQUISITION IS NON-DILUTIVE

* VIQ SOLUTIONS INC - FUNDED ACQUISITION THROUGH A DRAWDOWN OF APPROXIMATELY $3.1 MILLION IN DEBT CAPITAL PURSUANT TO AN $11.5 MILLION DEBT FACILITY

* VIQ SOLUTIONS INC - ENTERED INTO AN AMENDMENT TO DEBT FACILITY ENTERED INTO ON NOVEMBER 28, 2018 WITH CROWN CAPITAL PARTNER FUNDING, LP

* VIQ SOLUTIONS INC - AMENDMENT PROVIDES THAT COMPANY WILL ISSUE 450,000 NEW COMMON SHARE PURCHASE WARRANTS

* VIQ SOLUTIONS INC - EACH NEW CROWN WARRANT IS EXERCISABLE TO ACQUIRE ONE COMMON SHARE IN CAPITAL OF COMPANY AT A PRICE PER SHARE EQUAL TO CAD$2.06

* VIQ SOLUTIONS INC - ISSUANCE OF NEW CROWN WARRANTS IS SUBJECT TO APPROVAL OF TSXV

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.