McLeod Law advised Quorum Information Technologies Inc. (TSX-V: QIS) on the successful closing of its previously announced statutory plan of arrangement under the Business Corporations Act (Alberta). Through this transaction, 2745122 Alberta Inc., an affiliate of Valsoft Corporation Inc., acquired all issued and outstanding common shares of Quorum for $0.80 per share in cash.

As part of the transaction, Quorum has applied to delist its common shares from the TSX Venture Exchange, with the delisting expected to occur in mid-December 2025, pending final approval from the TSX-V.

This transaction marks an important milestone for Quorum as it enters its next phase under new ownership. Valsoft’s model of investing through long-term partnerships with management aligns strongly with Quorum’s commitment to its customers. With Valsoft’s support and resources, Quorum is positioned to accelerate innovation, deepen its focus on customer success, and create new opportunities for its employees.

The McLeod Law team was led by Eugene Chen, with support from Laura Wynnyk and Ivanna Palacios (Corporate), Spencer Chimuk (Employment & Litigation), and Doug Ewens KC and Barrett Schultz (Tax). 

Read the company’s full announcement here