Quisitive Announces Closing of $62.6 Million Financing Transactions - Seite 2

The Subscription Receipts issued pursuant to the Offering are expected be listed and posted for trading on the TSX Venture Exchange (“TSXV”) under the symbol “QUIS.R” on or about Tuesday April 13, 2021.

The securities issued pursuant to the Offering were qualified for distribution pursuant to the Prospectus Supplement and a short form base shelf prospectus (the “Base Shelf Prospectus”) dated June 12, 2020, filed in each of the provinces and territories of Canada, and offered and sold outside of Canada on a private placement basis. The Prospectus Supplement, Base Shelf Prospectus, including the documents incorporated by reference therein, and the Subscription Receipt Agreement, are available on the Company’s issuer profile on SEDAR at www.sedar.com.

In connection with the Offering, and assuming the Escrow Release Conditions are satisfied prior to the Termination Date, the Underwriters will receive a total cash commission of approximately C$3,456,900, and the Company will pay fees aggregating C$350,000 in connection with the Concurrent Private Placement.

The securities issued pursuant to the Concurrent Private Placement are subject to a statutory hold period of four months from the date of issuance of the Subscription Receipts.

The securities referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, “U.S. Persons” (as such term is defined in Regulation S under the U.S. Securities Act) absent such registration or an applicable exemption from the registration requirements of the U.S. Securities Act. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

For more information, contact:

Quisitive Technology Solutions, Inc.
Mike Reinhart, Chief Executive Officer and Director
e: [e-mail]
t: 972.573.0995

About Quisitive:

Quisitive (TSXV: QUIS) is a premier, global Microsoft partner that harnesses the Microsoft platform and complementary technologies, including custom solutions and first-party offerings, to generate transformational impact for enterprise customers. Our Cloud Solutions business focuses on helping enterprises move, operate, and innovate in the three Microsoft clouds. Centering on our LedgerPay product suite, our Payments Solutions business leverages the Microsoft Azure cloud to transform the payment processing industry into an entirely new source of customer engagement and consumer value. Quisitive serves clients globally from nine employee hubs across the world. For more information, visit www.quisitive.com and follow @BeQuisitive.