Quorum Information Technologies Announces Closing of Arrangement

Executive Summary

• Quorum Information Technologies Inc. completed a statutory plan of arrangement under which its shares were acquired by 2745122 Alberta Inc., an affiliate of Valsoft Corporation Inc., at $0.80 per share in cash.
• The transaction results in the delisting of Quorum’s common shares from the TSX Venture Exchange, with the delisting expected on or about December 10, 2025 pending final TSX‑V approval.
• Following the acquisition, Quorum will apply to cease being a reporting issuer under Canadian securities regulations.

Key Details

• Purchase Price: $0.80 per share, cash consideration for all issued and outstanding common shares.
• Acquirer: 2745122 Alberta Inc., affiliate of Valsoft Corporation Inc.
• Transaction Structure: Statutory plan of arrangement approved under the Business Corporations Act (Alberta).
• Closing Date: December 10, 2025 (the date of this press release).
• Delisting: Application submitted to TSX‑V on November 26, 2025; delisting expected around December 10, 2025, subject to final TSX‑V approval.
• Reporting Status: Company will apply to cease being a reporting issuer in the applicable Canadian jurisdictions after the transaction closes.
• Management Signatures: Release issued on behalf of the Board by President and CEO Maury Marks.

Notable Quotes

“We are pleased to announce the successful closing of the Arrangement, which provides certainty for our shareholders and positions the business for continued growth under new ownership.” – Maury Marks, President and CEO

All forward‑looking statements are subject to risks and uncertainties described in the release.