On August 26, 2024, Shift4 Payments, Inc. entered into a definitive agreement to acquire Givex Corp. for approximately C$200 million, representing a 64% premium over the 20-day VWAP of Givex shares on the TSX as of August 23, 2024. The transaction will be conducted via a statutory plan of arrangement under the Business Corporations Act (Ontario). Givex shareholders will receive C$1.50 in cash per share. The deal, unanimously approved by Givex's board and supported by 57.4% of its shareholders, is subject to customary closing conditions, including shareholder and court approvals.

Canaccord Genuity Corp. provided a fairness opinion to Givex’s Special Committee and Board, confirming the financial fairness of the transaction. Wildeboer Dellelce LLP served as legal counsel to Givex, with Torys LLP advising the Special Committee. Shift4 was advised by Goldman Sachs & Co. LLC and Bennett Jones LLP.

If approved, Givex shares will be delisted from the TSX, and the company will cease to be a reporting issuer in Canada. The transaction is expected to close in November 2024.