1373113 B.C. Ltd. (the "Offeror") had announced an all-cash take-over bid to acquire all issued and outstanding Common Shares of Canaccord Genuity Group Inc. ("Canaccord Genuity") for C$11.25 per share, valuing the company at approximately C$1.127 billion. This price was a premium of 30.7% to its closing price as of January 6, 2023. The CG Employee Group, which owns about 21.3% of the company's shares, supported this move. Daniel Daviau, the CEO, emphasized that becoming an employee-owned entity would enable the company to focus more on its strategies benefiting clients. However, by June 14, 2023, the Offeror announced the offer's expiration due to unmet conditions, including required regulatory approvals. As a result, no shares were acquired, and the offer terminated. Any shares deposited will be returned to their holders. Following the offer's expiration, the Offeror terminated its lock-up agreements with shareholders owning roughly 10.7% of the outstanding shares. Despite this outcome, the CG Employee Group remains committed to enhancing the company's long-term shareholder value and ensuring excellent client service.