On April 2, 2024, MediaValet Inc. was acquired by an affiliate of STG, with all outstanding common shares purchased for $1.71 each, valuing the company at around $80 million. This price represented a 30% premium over the shares' closing price on the TSX as of January 23, 2024. The transaction, subject to shareholder and court approvals, was not contingent on financing, indicating STG's substantial financial capacity. Key conditions included the affirmative vote of two-thirds of MediaValet's shareholders and warrant holders, with a special meeting anticipated in March 2024. Officers and directors of MediaValet, along with its largest shareholder Shen Capital, collectively holding about 34.2% of shares, agreed to support the acquisition. Legal stipulations included non-solicitation and termination fee clauses. The deal, expected to finalize in Q1 2024, also involves delisting MediaValet from the TSX and ending its status as a reporting issuer. TD Securities Inc. provided a fairness opinion, deeming the transaction financially fair to shareholders, with McMillan LLP and Stikeman Elliott LLP serving as legal advisors to MediaValet and STG, respectively.