VersaPay Corporation is a fintech provider of cloud-based invoice-to-cash solutions and integrated payments technology platform for B2B customers.
According to IBS Intelligence, The acquisition is per the statutory plan of arrangement under the Canada Business Corporations Act (the “Arrangement”). As part of the agreement, each VersaPay shareholder will receive cash consideration of USD 2.70 for each common share held, valuing VersaPay’s total equity at approximately USD 126 million on a fully diluted basis as anticipated by the companies.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.