representative work

Quisitive Technology Solutions Acquires BankCard USA Merchant Services


On May 7, 2021, Quisitive Technology Solutions, Inc. completed its previously announced acquisition of all of the issued and outstanding shares of BankCard USA Merchant Services, Inc., an established all-in-one merchant payment services provider. The acquisition was funded in part through a bought deal public offering and concurrent private placement of subscription receipts and by a loan agreement with a syndicate of Canadian lenders. The subscription receipts converted into common shares of Quisitive in connection with the acquisition of BankCard USA.

Cassels acted as lead counsel for Quisitive.