On March 13, 2024, TrueContext Corporation, a leader in field intelligence, announced that it will be acquired by a Battery Ventures-controlled entity for $1.07 per share, valuing the company at $150 million. This marks a premium of up to 52.1% over recent trading prices. The transaction, structured as a statutory plan of arrangement, will privatize TrueContext, pending approvals at a special shareholders meeting and customary closing conditions. Canaccord Genuity provided a financial fairness opinion, while Blake, Cassels & Graydon LLP and LaBarge Weinstein LLP served as legal advisors to TrueContext. Battery's legal advisors were Osler, Hoskin & Harcourt LLP and Cooley LLP.