Neuberger Berman, Palos Capital And Fintech Ventures To Acquire Iou At C$0.22 Per Share In An All-Cash Transaction
Neuberger Berman, Palos Capital And Fintech Ventures To Acquire Iou At C$0.22 Per Share In An All-Cash Transaction
07/14/23, 12:37 PM
IOU Financial Inc. ("IOU" or the "Company") (TSXV: IOU) today announced that it has entered into an arrangement agreement (the "Arrangement Agreement") with 9494-3677 Québec Inc. (the "Purchaser"), a corporation created by a group composed of funds managed by Neuberger Berman ("Neuberger"), Palos Capital ("Palos") and Fintech Ventures ("FinTech") for the acquisition of IOU through a statutory plan of arrangement (the "Arrangement").