Sumeru Equity Partners has agreed to buy the Toronto-based financial tech company for $6.05 per share in cash for all outstanding shares, save a small group of investors and executives who are exchanging their shares for Sumeru equity. The deal gives Q4 an equity value of about $257 million on a fully diluted, in-the-money basis. The transaction is expected to close by the first quarter of 2024 and is subject to customary closing conditions and court approvals. (The Logic)
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