Parties
Company
Propel Holdings Inc.
Company
Canaccord Genuity Corp.
Bank
Scotia Capital Inc.
Company
Eight Capital
Company
Raymond James Ltd.
Company
INFOR Financial Inc.
Company
Roth Canada, Inc.
Company
Ventum Financial Corp.
On September 26, 2024, Propel Holdings Inc. announced a C$100.1 million subscription receipt offering at C$27.50 per receipt to finance its C$71 million acquisition of UK-based fintech QuidMarket. The deal is expected to close in Q4 2024 or Q1 2025, pending UK Financial Conduct Authority approval.
Underwriters include Canaccord Genuity and Scotia Capital, with Stikeman Elliott LLP advising Propel and Blake, Cassels & Graydon LLP representing the underwriters. If the acquisition does not proceed, funds will be refunded to investors. The TSX has conditionally approved the listing.
Deal Type
Public/Private OfferingIndustry
Banking/FinanceTransaction
$ 100,100,000Deal Status
ActiveClosing Date