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.