Quorum Information Technologies Announces Effective Date of Delisting From the TSX Venture Exchange

Executive Summary

• Quorum Information Technologies Inc. completed its statutory plan of arrangement with 2745122 Alberta Inc., an affiliate of Valsoft Corporation, resulting in a cash acquisition of all outstanding shares at $0.80 per share.
• As a consequence, Quorum’s common shares will be delisted from the TSX Venture Exchange effective close of trading on December 18, 2025 and the company will cease to be a reporting issuer in Canada.
• Shareholders who have not yet surrendered their certificates/DRS advices must follow the instructions in the previously mailed Letter of Transmittal to receive their cash consideration.

Key Details

• Transaction Completion: Arrangement closed on December 10, 2025.
• Consideration Paid: Cash at $0.80 per common share for all outstanding shares.
• Purchaser: 2745122 Alberta Inc., affiliate of Valsoft Corporation Inc. (the “Purchaser”).
• Resulting Ownership: Quorum is now wholly owned by the Purchaser; no public shareholders remain.
• Delisting Date: Effective at the close of trading on December 18, 2025; shares will no longer be quoted on any Canadian marketplace.
• Reporting Status: Company will apply to cease being a reporting issuer in all applicable Canadian jurisdictions as soon as legally permitted.
• Shareholder Action Required: Holders who have not surrendered share certificates or DRS advices must do so per the Letter of Transmittal previously mailed and available on SEDAR+.

Notable Quotes

“The completion of this Arrangement marks a pivotal transition for Quorum, delivering cash value to our shareholders and positioning the business under new ownership that will drive its next phase of growth.” – Maury Marks, President and CEO