Reported Earnings • May 27
First quarter 2026 earnings released: EPS: US$0.001 (vs US$0.007 loss in 1Q 2025) First quarter 2026 results: EPS: US$0.001 (up from US$0.007 loss in 1Q 2025). Revenue: US$9.74m (down 6.1% from 1Q 2025). Net income: US$50.8k (up US$734.8k from 1Q 2025). Profit margin: 0.5% (up from net loss in 1Q 2025). The move to profitability was driven by lower expenses. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • May 22
NowVertical Group Inc. to Report Q1, 2026 Results on May 27, 2026 NowVertical Group Inc. announced that they will report Q1, 2026 results Pre-Market on May 27, 2026 Reported Earnings • Apr 09
Full year 2025 earnings released: US$0.042 loss per share (vs US$0.019 profit in FY 2024) Full year 2025 results: US$0.042 loss per share (down from US$0.019 profit in FY 2024). Revenue: US$37.3m (down 20% from FY 2024). Net loss: US$4.01m (down 352% from profit in FY 2024). Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Mar 26
NowVertical Group Inc. to Report Q4, 2025 Results on Apr 09, 2026 NowVertical Group Inc. announced that they will report Q4, 2025 results at 9:30 AM, US Eastern Standard Time on Apr 09, 2026 Announcement • Mar 13
NowVertical Group Inc Launches NowUnlock AI Proposition NowVertical Group Inc. had announced the launch of NowUnlock AI, a structured enterprise proposition designed to help organizations translate artificial intelligence initiatives into measurable operational and financial outcomes. Through work implementing enterprise data modernization and AI solutions, success where AI solutions are delivering up to 50% cost reduction and 60% faster outcomes. NowUnlock AI codifies this success into a practical approach to support enterprises as they move from AI experimentation toward real operational and financial impact. Further information on the new NowUnlock AI proposition is available on the Company’s website. Many companies report challenges translating AI investment into measurable results. According to PwC’s Global AI research (2026), approximately 56% of organizations report that their AI investments have not yet delivered significant cost or revenue benefits. The NowUnlock AI proposition organizes enterprise AI adoption across three stages to address these challenges and support practical implementation of AI: NowUnlock Impact – development and deployment of an initial AI capability designed to address a defined operational or analytical use case; NowUnlock Momentum – expansion of AI capabilities through standardized data architecture, governance and operational processes; NowUnlock Scale – broader integration of AI-driven workflows across business units and enterprise operations. NowVertical intends to apply the NowUnlock AI proposition across relevant consulting and implementation engagements as organizations increasingly seek to operationalize artificial intelligence within their existing data infrastructure and business processes. Announcement • Dec 04
Nowvertical Group Inc. Announces Promotion of Christine Nelson to Permanent Chief Financial Officer NowVertical Group Inc. announced the promotion of Christine Nelson, the current interim Chief Financial Officer of the Company, to permanent Chief Financial Officer of the Company. Ms. Nelson has served as the interim Chief Financial Officer of the Company since her appointment to the role on February 1, 2024. Reported Earnings • Nov 14
Third quarter 2025 earnings released: US$0.006 loss per share (vs US$0.007 profit in 3Q 2024) Third quarter 2025 results: US$0.006 loss per share (down from US$0.007 profit in 3Q 2024). Revenue: US$9.08m (down 15% from 3Q 2024). Net loss: US$626.5k (down 209% from profit in 3Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Announcement • Nov 06
NowVertical Group Inc. to Report Q3, 2025 Results on Nov 12, 2025 NowVertical Group Inc. announced that they will report Q3, 2025 results at 9:30 AM, US Eastern Standard Time on Nov 12, 2025 Recent Insider Transactions • Oct 15
Insider recently bought CA$55k worth of stock On the 10th of October, Shailesh Mallya bought around 180k shares on-market at roughly CA$0.31 per share. This transaction amounted to 5.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$698k more in shares than they have sold in the last 12 months. Reported Earnings • Aug 28
Second quarter 2025 earnings released: US$0.006 loss per share (vs US$0.024 profit in 2Q 2024) Second quarter 2025 results: US$0.006 loss per share (down from US$0.024 profit in 2Q 2024). Revenue: US$8.23m (down 33% from 2Q 2024). Net loss: US$624.4k (down 132% from profit in 2Q 2024). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Aug 21
NowVertical Group Inc. to Report Q2, 2025 Results on Aug 27, 2025 NowVertical Group Inc. announced that they will report Q2, 2025 results After-Market on Aug 27, 2025 Recent Insider Transactions • Jun 16
Independent Director recently bought CA$52k worth of stock On the 12th of June, David Doritty bought around 100k shares on-market at roughly CA$0.52 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$482k more in shares than they have sold in the last 12 months. Reported Earnings • May 22
First quarter 2025 earnings released: US$0.007 loss per share (vs US$0.019 loss in 1Q 2024) First quarter 2025 results: US$0.007 loss per share (improved from US$0.019 loss in 1Q 2024). Revenue: US$10.4m (down 20% from 1Q 2024). Net loss: US$684.0k (loss narrowed 55% from 1Q 2024). Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • May 16
NowVertical Group Inc. to Report Q1, 2025 Results on May 21, 2025 NowVertical Group Inc. announced that they will report Q1, 2025 results After-Market on May 21, 2025 Announcement • Apr 21
NowVertical Group Inc., Annual General Meeting, Jun 24, 2025 NowVertical Group Inc., Annual General Meeting, Jun 24, 2025. Reported Earnings • Apr 02
Full year 2024 earnings released: EPS: US$0.019 (vs US$0.079 loss in FY 2023) Full year 2024 results: EPS: US$0.019 (up from US$0.079 loss in FY 2023). Revenue: US$46.9m (down 9.3% from FY 2023). Net income: US$1.59m (up US$7.52m from FY 2023). Profit margin: 3.4% (up from net loss in FY 2023). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Mar 28
NowVertical Group Inc. to Report Q4, 2024 Results on Apr 02, 2025 NowVertical Group Inc. announced that they will report Q4, 2024 results at 9:30 AM, US Eastern Standard Time on Apr 02, 2025 Announcement • Jan 17
NowVertical Group Inc. Announces Executive Appointments NowVertical Group Inc. announced the appointment of the following individuals as executive officers of the Company, including: Santiago Trógolo, EVP LATAM: Santiago now leads NowVertical's operations in the Latin American market and previously served as CEO of CoreBI (acquired by NowVertical in February 2022); Shailesh Mallya, EVP of Solutions and Services: Shailesh, co-founder and former Chief Technical Officer of Acrotrend Solutions Ltd. (acquired by NowVertical in January 2023), now leads NowVertical's North America and EMEA business operations; Mostafa Hashem, EVP of Product & Tech: Mostafa, founder of Smartlytics Consultancy Ltd. (acquired by NowVertical in January 2023), is responsible for NowVertical's first party product innovation and commercialization endeavours; and Pankaj Ghag, EVP of Program Delivery and Operations: Pankaj, the former head of delivery for Acrotrend Solutions Ltd., now oversees NowVertical's seamless global service delivery for NowVertical's clients. Recent Insider Transactions • Jan 14
CEO & Director recently bought CA$156k worth of stock On the 10th of January, Sandeep Mendiratta bought around 297k shares on-market at roughly CA$0.53 per share. This transaction amounted to 3.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Sandeep's only on-market trade for the last 12 months. Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: US$0.007 (vs US$0 in 3Q 2023) Third quarter 2024 results: EPS: US$0.007 (up from US$0 in 3Q 2023). Revenue: US$10.7m (down 35% from 3Q 2023). Net income: US$575.1k (up US$604.6k from 3Q 2023). Profit margin: 5.4% (up from net loss in 3Q 2023). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 46% per year, which means it is significantly lagging earnings. New Risk • Nov 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (CA$9.67m market cap, or US$6.91m). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Announcement • Nov 08
NowVertical Group Inc. to Report Q3, 2024 Results on Nov 14, 2024 NowVertical Group Inc. announced that they will report Q3, 2024 results Pre-Market on Nov 14, 2024 Announcement • Oct 11
Nowvertical Group Inc. Unveils an Evolved Partner Marketing Solution Tailored to Help Clients Navigate the Growing Complexities of Managing Partner Engagement NowVertical Group Inc. unveiled an evolved Partner Marketing Solution tailored to help clients navigate the growing complexities of managing partner ecosystems. In the tech industry, Partner Marketing accounts for 37% of overall marketing budget- and 62% of companies are expecting this investment to grow--the demand for more e ective partner management solutions has never been higher. Yet, 89% of partner marketers still face significant barriers, the top three issues being data integration, limited visibility into partner activity, and challenges with data sharing, according to the 'State of Partner Marketing Report 2024', issued by Foundry, a wholly owned subsidiary of International Data Group Inc., a tech media, data, research and marketing services company. NowVertical's solution directly addresses these hurdles by simplifying data management and providing greater transparency into partner activities. This refined approach enables organizations to optimize partner-driven revenue, reduce reporting time, and improve the efficiency of their partner marketing programs. Webinar to Showcase Solution's Capabilities NowVertical held a webinar on October 7, 2024 as the key element of a broader initiative aimed at engaging CMOs, Heads of Partner Marketing, and Global Marketing Executives to introduce this new value proposition. The webinar was led by NowVertical's experts and attendees gained exclusive access to cutting-edge strategies to optimize partner-driven matched revenue, reduce campaign reporting time, and establish partner marketing as a crucial contributor to their organization's sales success. What's in it for Marketers: Unlock Data-Driven Strategies: Marketers learnt how to leverage data analytics to maximize partner marketing ROI. Discover Future Trends: How clients can stay ahead of industry trends to ensure their marketing strategy is future-ready. Access Expert Insights: Marketers engaged with NOW's seasoned experts and gained actionable tactics to boost partner marketing success. New Risk • Sep 12
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.5m (US$9.95m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (CA$13.5m market cap, or US$9.95m). Minor Risk Shareholders have been diluted in the past year (4.2% increase in shares outstanding). Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: US$0.024 (vs US$0.018 loss in 2Q 2023) Second quarter 2024 results: EPS: US$0.024 (up from US$0.018 loss in 2Q 2023). Revenue: US$12.3m (down 20% from 2Q 2023). Net income: US$1.94m (up US$3.32m from 2Q 2023). Profit margin: 16% (up from net loss in 2Q 2023). The move to profitability was driven by lower expenses. Revenue is expected to decline by 2.8% p.a. on average during the next 2 years, while revenues in the Software industry in Canada are expected to grow by 17%. Announcement • Aug 13
NowVertical Group Inc. to Report Q2, 2024 Results on Aug 15, 2024 NowVertical Group Inc. announced that they will report Q2, 2024 results Pre-Market on Aug 15, 2024 New Risk • Jun 13
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 10% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Negative equity (-US$3.1m). Minor Risks Shareholders have been diluted in the past year (10% increase in shares outstanding). Market cap is less than US$100m (CA$16.1m market cap, or US$11.7m). Announcement • Jun 13
NowVertical Group Inc., Annual General Meeting, Jul 30, 2024 NowVertical Group Inc., Annual General Meeting, Jul 30, 2024. Announcement • May 29
BCS, LLC acquired Allegient Defense, Inc. from NowVertical Group Inc. (TSXV:NOW) for approximately $12.5 million. BCS, LLC acquired Allegient Defense, Inc. from NowVertical Group Inc. (TSXV:NOW) for approximately $12.5 million on May 27, 2024. As reported, the $12.5 million of consideration for the transaction consists of $7.5 million in cash received on closing, $1.0 million pursuant to a secured promissory note issued to NOW at closing and payable in installments within 18 months of closing and up to $4.0 million as an earn-out, payable on Allegient achieving certain revenue milestones. In 2023, Allegient reported revenue of $17.8 million and an income from operations margin of 8% with $1.4 million income from operations. Following the closing, BCS and Allegient Defense will merge to form a new entity called BCS Allegient and will be led by current BCS Chief Executive Officer Alain R. Williams. Angel Diaz, the current Allegient Defense Chief Executive Officer will stay on as Chief Development Officer and will focus on growth and business development for the new entity. The disposition clears $3.8 million of debt from NOW’s balance sheet, significantly reducing overall debt liabilities. The sale helps reduce deferred liabilities, improving NOW's financial health. Proceeds from the disposition support NOW's growth plans for its integrated business, enabling strategic investments in core areas.BCS, LLC completed the acquisition of Allegient Defense, Inc. from NowVertical Group Inc. (TSXV:NOW) on May 27, 2024. Announcement • May 25
NowVertical Group Inc. to Report Q1, 2024 Results on May 30, 2024 NowVertical Group Inc. announced that they will report Q1, 2024 results After-Market on May 30, 2024 Announcement • May 15
NowVertical Group Inc. Announces Management Changes NowVertical Group Inc. announced the appointment of David Doritty, who currently serves as the Vice-Chair at Echelon Wealth Partners, as an independent director on NowVertical’s board of directors. Mr. Doritty brings decades of senior executive experience. In his current Vice-Chair role at Echelon Wealth Partners, held since December 2018, he has demonstrated a commitment to fostering robust client relationships and advancing innovative capital markets solutions. His role in facilitating connections between internal stakeholders and external partners has significantly enhanced Echelon's visibility and reputation in the marketplace. Previously, he served as Executive Vice President, Head of Sales & Trading at Echelon Wealth Partners. Before his time at Echelon, Mr. Doritty served as Deputy Chairman at Mackie Research Capital and spent three and a half years at Aurion Capital Management, a distinguished Canadian pension fund manager. Prior to Aurion, Mr. Doritty served as Vice Chairman at Dundee Capital Markets. His contributions have driven growth and strategic direction in these roles, reflecting his commitment to excellence and leadership in the financial sector. He is also a distinguished graduate of the Directors Education Program at the Institute of Corporate Directors, Rotman School of Management, University of Toronto. To facilitate this appointment, NowVertical’s Chief Development Officer Andre Garber has stepped down from the board to focus on his responsibilities in management. NowVertical’s CEO, Sandeep Mendiratta, will remain on the board as a representative of management. These further changes to the Company’s board are a result of the process to appoint an additional director, commenced as part of the Company’s settlement with Daren Trousdell. Reported Earnings • May 08
Full year 2023 earnings released: US$0.079 loss per share (vs US$0.15 loss in FY 2022) Full year 2023 results: US$0.079 loss per share (improved from US$0.15 loss in FY 2022). Revenue: US$51.7m (up 91% from FY 2022). Net loss: US$5.93m (loss narrowed 38% from FY 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in Canada. Announcement • Mar 21
NowVertical Group Inc. Announces Board Changes NowVertical Group Inc. announced that it has resolved all outstanding disputes with Daren Trousdell, a shareholder of the Company, has appointed the Company’s Chief Executive Officer, Sandeep Mendiratta, to the Company’s board of directors, and has commenced a process to appoint an additional independent director who is mutually acceptable to the Company and Mr. Trousdell. In order to accommodate the addition of Mr. Mendiratta, Darrell MacMullin has agreed to resign from the Board. Mr. Mendiratta joined NowVertical in January 2023 as the Chief Executive Officer of Acrotrend Solutions in connection with NOW’s acquisition of Acrotrend. Mr. Mendiratta was appointed as the Chief Executive Officer of the Company in January 2024 and has a proven track record of scaling businesses, is a seasoned expert in the data analytics industry, and is a well-respected leader within the Company. The Board would like to thank Mr. MacMullin for his contributions and dedication to the Company. New Risk • Mar 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$9.0m). Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (6.4% increase in shares outstanding). Market cap is less than US$100m (CA$21.2m market cap, or US$15.6m). New Risk • Feb 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$9.0m). Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (CA$28.4m market cap, or US$21.1m). Announcement • Jan 21
Daren Trousdell Provides Information to NowVertical Group Inc On January 18, 2024, Daren Trousdell through KOAT Holdings LLC announced that it is calling on the NowVertical Group Inc to immediately publish the voting results in respect of the election of candidates to the Company's Board of Directors at the Company's Annual Meeting on October 13, 2023. Trousdell stated that the Company has failed to announce that a significant number of shareholders voted against the re-election of Scott Nirenberski, Elaine Kunda, Andre Garber, and Darrell MacMullin to the Board. Trousdell said that he supported the incumbent Board because it was required under the terms of an agreement with the Company but if he had been permitted to vote his conscience for the benefit of all shareholders, he would not have supported the election of Andre Garber, Elaine Kunda, Scott Nirenberski, Darrell MacMullin , David Charron and Chris Ford. Trousdell added that the incumbent Board is directly responsible for significant value destruction and rapid erosion of the Company's balance sheet, and he believes that the incumbent Board should be replaced but was contractually required to vote in support at the recent Meeting. Trousdell added that he resigned as Chair of the Board and Chief Executive Officer on May 30, 2023, and he has no intention to rejoin the Board or management, but he has conveyed that it is necessary to prevent further value destruction and to execute rapidly and efficiently on the Company's strategy for growth. Additionally, Trousdell believes that new leadership is required that could provide the experience and the spark required for the Company to maximize shareholder value. Reported Earnings • Dec 01
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: US$16.5m (up 97% from 3Q 2022). Net loss: US$29.5k (loss narrowed 99% from 3Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Canada. Announcement • Nov 17
NowVertical Group Inc. to Report Q3, 2023 Results on Nov 29, 2023 NowVertical Group Inc. announced that they will report Q3, 2023 results After-Market on Nov 29, 2023 Announcement • Aug 22
NowVertical Group Inc. to Report Q2, 2023 Results on Aug 29, 2023 NowVertical Group Inc. announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Aug 29, 2023 Announcement • Aug 11
NowVertical Group Inc., Annual General Meeting, Oct 05, 2023 NowVertical Group Inc., Annual General Meeting, Oct 05, 2023. Announcement • Jul 28
NowVertical Group Expands SMART Pak Offering to the United States, Providing Cutting-Edge Analytics as a Service NowVertical Group Inc. announced the launch of its SMART Pak analytics as a service offering in the United States. This expansion represents a significant milestone for NOW as it brings AI solutions to a wider range of industry and government customers. NOW's SMART Pak offering has already successfully deployed in the UK, serving clients such as Poundland, The Range, Joblogic, Imperial War Museums, Patrizia, and Muller, among others. These organizations have experienced the benefits of comprehensive analytics as a service, overcoming resource shortages and leveraging data for decision-making and AI implementation. NOW's SMART Paks provide a comprehensive solution to reducing barriers to AI value realization. By leveraging an offering tailored to its needs, Industry and Governments can overcome challenges related to hiring and retaining skilled professionals, data availability and quality, identifying appropriate business use cases, technical infrastructure, and legal and compliance concerns. NOW's team handles data engineering and analytics and provides expertise in Power BI, Tableau, data science, artificial intelligence, machine learning, customer analytics, social media listening, and attribution modeling. The SMART Pak Plans provided by NOW enables organizations to immediately address resource shortages within their existing teams. Instead of managing individual contractors, customers can leverage a dedicated team's expertise giving them access to a comprehensive suite of analytics services, alleviating the need to build in-house teams from scratch. NOW Smart Pak Solutions will be administered in the US by NowVertical units Resonant Analytics and support by Smartlyics. As organizations increasingly recognize the critical role of AI in their success, NOW is well-positioned to provide customized solutions to meet evolving needs. By leveraging the SMART Pak offering, organizations can focus on their core competencies while relying on NOW's team of experts for their data engineering, data science, and analytics requirements. Announcement • Jun 29
NowVertical Group Inc. Launches Now Snowgraph, Snowflake Native App in the Data Cloud NowVertical Group Inc. announced at Snowflake's annual user conference, Snowflake Summit 2023, the availability of NOW SnowGraph, a Snowflake Native App on Snowflake Marketplace. NOW SnowGraph is an updated version of its original Snowflake Native App that powers rich insights using embedded graph analytics on top of a Snowflake warehouse. NOW SnowGraph can analyze billions of variable combinations in a single query to surface what matters in seconds. Snowflake, the Data Cloud company, announced that the Snowflake Native App Framework (public preview on AWS) is now available for developers to build and test apps natively in the Data Cloud with additional distribution and monetization capabilities in public preview soon. Snowflake Native Apps usher in a new era of data collaboration, enabling developers withthe tools needed to create robust apps quickly with Snowflake's high availability and auto-scalability, all the while reducing security and procurement hurdles for customers because the apps run directly within the customers' Snowflake accounts. Snowflake Marketplace already has over 25 new Snowflake Native Apps available, and over one hundred providers are currently developing apps that span multiple industries and use cases. NOW is one of the leading organizations building in the Data Cloud, with a Snowflake Native App readily available to easily bring unique insights to end users, enabling them to unlock value with just a few clicks on Snowflake Marketplace. By being Powered by Snowflake, NOW can create new revenue streams by distributing its app to thousands of Snowflake customers without these customers having to move or expose their data. The NOW SnowGraph Snowflake Native App is pre-configured with turnkey models to address critical use cases for organizations already leveraging Snowflake's functionality within their technical stack. By accessing the NOW SnowGraph Snowflake Native App, marketers can graphically conduct personalization at scale, market basket analysis and next-best actions, propensity and lookalike modeling, audience cluster discovery, and segment overlaps, enabling customers to make more of their existing first-party data and collaborate with partners both internally and externally in a privacy-safe way. Announcement • Jun 01
Nowvertical Group Inc. Announces Board Changes NowVertical Group Inc. announced that Ms. Elaine Kunda has been appointed as the Chairperson of the Board, taking over from Mr. Daren Trousdell. Mr. Sasha Grujicic, the Company's CEO, and Mr. Andre Garber, the Company's EVP of Corporate Development and Legal Affairs, will also be appointed to the board. Mr. John Adamovich will be stepping down from his position on the board. The board remains majority independent. Reported Earnings • Jun 01
First quarter 2023 earnings released: US$0.024 loss per share (vs US$0.029 loss in 1Q 2022) First quarter 2023 results: US$0.024 loss per share (improved from US$0.029 loss in 1Q 2022). Revenue: US$13.6m (up 425% from 1Q 2022). Net loss: US$1.67m (loss narrowed 8.4% from 1Q 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Canada. Announcement • May 19
NowVertical Group Inc. to Report Q1, 2023 Results on May 30, 2023 NowVertical Group Inc. announced that they will report Q1, 2023 results After-Market on May 30, 2023 Announcement • May 12
Audiense Limited completed the acquisition of Affinio Inc. from NowVertical Group Inc. (TSXV:NOW). Audiense Limited agreed to acquire Affinio Inc. from NowVertical Group Inc. (TSXV:NOW) on May 4, 2023. The strategic acquisition of Affinio also represents Audienses new partnership with NOW Vertical, [who has become an investor in Audiense as part of the transaction. Under the terms of the deal, NOW will receive an earnout consideration based on the revenues collected (net of applicable taxes) on (1) sales of the Affinio Social product, and (2) Audiense products sold by NOW. In addition, Audiense will pay $2.2 million of deferred payments in cash to NOW within 24 months of the signing date, with customary acceleration events included. NOW will also receive an equity stake in Audiense equivalent to 2% of Audiense’s share capital on a fully-diluted basis as of the date hereof. Audiense will become an official reseller of NOW’s VI products and solutions. As part of the transaction, Audiense is purchasing certain assets comprised primarily of IP and patents. NOW will receive a perpetual, royalty free license to use the transferred IP and patents, which NOW utilises within its Snowflake product offering. NOW anticipates that the deal will close before May 31, 2023.
Audiense Limited completed the acquisition of Affinio Inc. from NowVertical Group Inc. (TSXV:NOW) on May 11, 2023. Reported Earnings • May 01
Full year 2022 earnings released: US$0.15 loss per share (vs US$0.34 loss in FY 2021) Full year 2022 results: US$0.15 loss per share (improved from US$0.34 loss in FY 2021). Revenue: US$27.0m (up US$23.8m from FY 2021). Net loss: US$9.55m (loss narrowed 31% from FY 2021). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in Canada. Announcement • Jan 13
NowVertical Group Inc. (TSXV:NOW) completed the acquisition of Acrotrend Solutions Limited. NowVertical Group Inc. (TSXV:NOW) entered into a definitive purchase agreement to acquire Acrotrend Solutions Limited on December 5, 2022. In related transaction, NowVertical Group entered into a definitive purchase agreement to acquire Smartlytics Consultancy. The aggregate total gross consideration is $6.45 million consists of closing cash payment of $5.1 million, subject to holdbacks, issuance of 1.35 million subordinate voting shares in the capital of NOW priced at the greater of NOW’s 20-day VWAP on closing and $1.00 per NOW Share, subject to holdbacks, and earn-out consideration paid over three fiscal years based on certain Adjusted EBITDA targets. The Now Shares issuable in connection with the Transactions will be subject to a statutory hold period of 4 months and a day from the closing date. Closing of the Acquisitions is subject to customary conditions for transactions of this nature, including the receipt of necessary third-party consents, regulatory approvals and approval of the TSXV. NOW expects the Acquisitions to be completed before the calendar year end 2022.
NowVertical Group Inc. (TSXV:NOW) completed the acquistion of Acrotrend Solutions Limited on January 12, 2023. In a related transaction, NowVertical Group completed the acquisition of Smartlytics Consultancy. The consideration consists of a closing cash payment of $4.1 million, subject to holdbacks, issuance of 0.75 million subordinate voting shares in the capital of NOW at a price of $1 per NOW Share, subject to contractual lock-up restrictions, and earn-out consideration paid over three fiscal years based on certain EBITDA targets, a portion of which may be payable in NOW Shares subject to a maximum of 5 million NOW Shares. Board Change • Dec 31
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Darell MacMullin is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Dec 14
NowVertical Group Inc. (TSXV:NOW) entered into a definitive agreement to acquire Smartlytics Consultancy Limited. NowVertical Group Inc. (TSXV:NOW) entered into a definitive agreement to acquire Smartlytics Consultancy Limited on December 12, 2022. Under the terms of the definitive purchase agreements dated December 5, 2022, the Company has agreed to complete the Transactions in aggregate for (i) a closing cash payment of £4.1 million, subject to holdbacks, (ii) issuance of 1.35 million subordinate voting shares in the capital of NOW and (iii) earn-out consideration paid over three fiscal years based on certain Adjusted EBITDA targets. Closing of the Acquisitions is subject to customary conditions for transactions of this nature, including the receipt of necessary third-party consents, regulatory approvals and approval of the TSXV. NOW expects the Acquisitions to be completed before the calendar year end 2022. Announcement • Dec 13
NowVertical Group Inc. (TSXV:NOW) entered into a definitive purchase agreement to acquire Acrotrend Solutions Limited. NowVertical Group Inc. (TSXV:NOW) entered into a definitive purchase agreement to acquire Acrotrend Solutions Limited on December 5, 2022. In related transaction, NowVertical Group entered into a definitive purchase agreement to acquire Smartlytics Consultancy. The aggregate total gross consideration is $6.45 million consists of closing cash payment of $5.1 million, subject to holdbacks, issuance of 1.35 million subordinate voting shares in the capital of NOW priced at the greater of NOW’s 20-day VWAP on closing and $1.00 per NOW Share, subject to holdbacks, and earn-out consideration paid over three fiscal years based on certain Adjusted EBITDA targets. The Now Shares issuable in connection with the Transactions will be subject to a statutory hold period of 4 months and a day from the closing date. Closing of the Acquisitions is subject to customary conditions for transactions of this nature, including the receipt of necessary third-party consents, regulatory approvals and approval of the TSXV. NOW expects the Acquisitions to be completed before the calendar year end 2022. Reported Earnings • Nov 18
Third quarter 2022 earnings released: US$0.05 loss per share (vs US$0.35 loss in 3Q 2021) Third quarter 2022 results: US$0.05 loss per share (improved from US$0.35 loss in 3Q 2021). Revenue: US$8.38m (up US$7.24m from 3Q 2021). Net loss: US$2.90m (loss narrowed 36% from 3Q 2021). Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Canada. Announcement • Nov 17
NowVertical Group Inc. Announces CFO Changes NowVertical Group Inc. announced the appointment of Alim Virani as Chief Financial Officer of NOW. Mr. Virani previously served as Senior VP of Financial Operations, responsible for scaling NOW's finance function, including financial and operational reporting, middle-office operations, and business integrations, since joining NOW in September 2022. Mr. Virani is a Toronto-based CPA who began his career in PwC's assurance practice and previously spent seven years with a Canadian publicly-traded software consolidator, where he held successively senior financial positions before joining NOW. He will replace Teri Anderson on November 17, 2022, who is stepping down after joining the Company in November 2021. Announcement • Nov 04
NowVertical Group Inc. to Report Q3, 2022 Results on Nov 16, 2022 NowVertical Group Inc. announced that they will report Q3, 2022 results After-Market on Nov 16, 2022 Announcement • Oct 07
NowVertical Group Inc. announced that it has received CAD 0.5 million in funding On October 5, 2022, NowVertical Group Inc. closed the transaction. The company issued 500 debenture units at a price of CAD 1,000 per share for total gross proceeds of CAD 500,000. The convertible debentures and warrants issued in respect of the transaction are subject to a four-month hold period and are therefore not freely tradeable until February 6, 2023. The company paid the agent an agency fee comprised CAD 35,000 of cash fee and 33,333 of broker warrants in the transaction. Announcement • Oct 06
NowVertical Group Inc. has completed a Composite Units Offering in the amount of CAD 5.069 million. NowVertical Group Inc. has completed a Composite Units Offering in the amount of CAD 5.069 million.
Security Name: Senior Unsecured Debenture Unit
Security Type: Debt/Derivative Unit
Securities Offered: 4,569
Price\Range: CAD 1000
Discount Per Security: CAD 70
Security Features: Convertible; Senior; Unsecured
Security Name: Senior Unsecured Debenture Unit
Security Type: Debt/Derivative Unit
Securities Offered: 500
Price\Range: CAD 1000
Discount Per Security: CAD 30
Security Features: Senior; Unsecured
Principal Amount: CAD 5 million
Price\Range: 100% Announcement • Sep 22
NowVertical Group Inc. announced that it expects to receive CAD 0.5 million in funding NowVertical Group Inc. a private placement of debenture units for total gross proceeds of CAD 500,000 on September 21, 2022. The transaction will include participation from investors in the province of Quebec. Echelon will act as lead agent and sole bookrunner, and is subject to customary closing conditions, including the receipt of all necessary regulatory and other approvals including the approval of the TSX Venture Exchange. The transaction is expected to close on or about September 29, 2022, or such other date as the company and Echelon may agree. The company has granted Echelon an option to purchase up to an additional 15% of the debenture units sold under the offering. The over-Allotment Option may be exercised in whole or in part to purchase debentures, warrants or debenture units as determined by Echelon upon written notice to the company at any time up to 30 days following and including the closing date. Announcement • Sep 08
NowVertical Group Inc. Appoints Alim Virani as Senior Vice President of Financial Operations NowVertical Group Inc. announced that Alim Virani has joined NOW as Senior VP, Financial Operations, responsible for financial operations across the company. Alim, a CPA based in Toronto, joins NOW after seven years with publicly-traded Constellation Software, most recently as VP of Corporate Finance in the Vela software division. Mr. Virani will report directly to Teri Anderson, NOW’s Chief Financial Officer, and will be responsible for scaling NOW’s finance function, including financial and operational reporting, middle-office operations, and business integrations, as NOW continues to centralize and streamline business unit planning and operations and executes their M&A strategy. After starting his career in PwC’s assurance practice, Mr. Virani joined Constellation Software in 2015, where he held successively senior financial positions with both the Volaris and Vela operating groups before joining NOW. Announcement • Aug 30
NowVertical Group Inc. Announces Expansion and User Experience Enhancements to NOW Privacy Platform NowVertical Group Inc. announced an update to its NOW Privacy offering, extending functionality to enhance data search capabilities, out of the box data connections and overall ease of use. NOW’s Privacy platform is well positioned to continue gaining market share across the banking, healthcare, pharmaceutical and defense industries, building upon existing long-standing leading enterprise customers, including Lloyds Banking Group, Saga, General Electric Healthcare, GlaxoSmithKline, and Arrow Global. NOW Privacy’s release V4.5.5 improves data discovery and access with: Better, more user-friendly search capability; Enhanced connections to Windows file shares; Faster connector development for new data sources and types. The Privacy upgrades enhance its user-friendly dashboard to help organizations discover, solve, and prevent data risk at scale. As a foundational platform, NOW Privacy opens the door to companies, organizations and government bodies looking to harness the power of Vertical Intelligence to build confidence and make bold decisions. Reported Earnings • Aug 25
Second quarter 2022 earnings released Second quarter 2022 results: US$0.02 loss per share. Net loss: US$1.27m (flat on 2Q 2021). Over the next year, revenue is forecast to grow 285%, compared to a 23% growth forecast for the Software industry in Canada. Announcement • Aug 12
NowVertical Group Inc. to Report Q2, 2022 Results on Aug 24, 2022 NowVertical Group Inc. announced that they will report Q2, 2022 results After-Market on Aug 24, 2022 Announcement • Jul 22
NowVertical Group Inc. (TSXV:NOW) completed the acquisition of Resonant Analytics,LLC. NowVertical Group Inc. (TSXV:NOW) entered into a definitive agreement to acquire Resonant Analytics,LLC for $1.8 million on July 6, 2022. Under the terms of the definitive purchase agreement, NowVertical has agreed to acquire Resonant for (i) a closing cash payment of $1.5 million, subject to holdbacks, (ii) issuance of 900,000 subordinate voting shares in the capital of NOW and (iii) earn-out consideration paid over three fiscal years based on certain adjusted EBITDA targets, and paid annually in two-thirds cash and one-third NOW Shares. NOW anticipates closing cash consideration to be funded using term debt with a U.S. banking partner. Resonant generated revenues of approximately $1.8 million and approximately $0.5 million in EBITDA for the period ended December 31, 2021. Closing of the transaction is subject to customary closing conditions, including approval of the TSX Venture Exchange. The transaction is expected to close on or before July 31, 2022.
NowVertical Group Inc. (TSXV:NOW) completed the acquisition of Resonant Analytics,LLC on July 21, 2022. Announcement • Jul 07
NowVertical Group Inc. (TSXV:NOW) entered into a definitive agreement to acquire Resonant Analytics,LLC for CAD 1.9 million. NowVertical Group Inc. (TSXV:NOW) entered into a definitive agreement to acquire Resonant Analytics,LLC for CAD 1.9 million on July 6, 2022. Under the terms of the definitive purchase agreement, NowVertical has agreed to acquire Resonant for (i) a closing cash payment of CAD 1.5 million, subject to holdbacks, (ii) issuance of 900,000 subordinate voting shares in the capital of NOW priced at the greater of NOW’s 20-day VWAP on closing and CAD 1.00 USD per NOW Share, subject to holdbacks, and (iii) earn-out consideration paid over three fiscal years based on certain adjusted EBITDA targets, and paid annually in two-thirds cash and one-third NOW Shares priced at the greater of NOW’s 20-day VWAP prior to each annual issuance and CAD 1.00 USD per NOW Share. NOW anticipates closing cash consideration to be funded using term debt with a U.S. banking partner. Resonant generated revenues of approximately CAD 1.8 million and approximately 0.5 million in EBITDA for the period ended December 31, 2022. Closing of the Transaction is subject to customary closing conditions, including approval of the TSX Venture Exchange. The transaction is expected to close on or before July 31, 2022. Reported Earnings • May 28
First quarter 2022 earnings released First quarter 2022 results: Revenue: US$2.59m (flat on 1Q 2021). Net loss: US$1.82m (flat on 1Q 2021). Over the next year, revenue is forecast to grow 594%, compared to a 25% growth forecast for the industry in Canada. Announcement • May 17
NowVertical Group Inc. to Report Q1, 2022 Results on May 26, 2022 NowVertical Group Inc. announced that they will report Q1, 2022 results After-Market on May 26, 2022 Announcement • May 05
NowVertical Group Announces TSA Regulatory Compliance Offering and Cybersecurity Partnership for Mid-Stream Oil and Gas Companies NowVertical Group Inc. announced a new product offering, partnership, and first customer in response to the US Department of Homeland Security’s Transportation Security Administration (TSA) Security Directive for Critical Pipeline Owners and Operators (Security Directive). NOW announce the launch of a new product offering, helping midstream oil and gas companies navigate regulatory processes. The NOW Solutions midstream compliance offering will guide operators through the audit, identification, and mitigation process for security vulnerabilities, guaranteeing fast and affordable compliance with the TSA’s requirements to avoid the risk of future fines. NOW Solutions’ offering leverages years of infrastructure and security experience to overcome the regulatory process and guarantee organizations are future-proofed for compliance issues down the line. Building on past successes in water infrastructure and oil and gas regulatory requirements, NOW’s teams help augment, guide, and advise customers by bringing industry-specific expertise in a faster and wholly compliant way. With its new offering, NOW has secured a formal partnership with Twin Eagle Solutions to bring combined cybersecurity and infrastructure security expertise and capabilities to market. The teams will work together to execute TSA’s critical facilities audit requirements and process implementation for customers throughout the industry. NOW Solutions Announces Initial Customer for New Compliance Product Offering; NOW has been engaged for its new compliance offering by a midstream energy company, whose operations include the pipeline transportation of crude oil and natural gas from some of the United States’ most prolific basins in the Rocky Mountains, Upper Midwest, and Appalachian regions to markets in the Rockies, the Midwest, and eastern Ohio. Members of the NOW Solutions team have worked with the customer for several years and have been contracted to help expedite the new security auditing requirements for their critical facilities. The initial contract term lasts through Third Quarter 2022 and will cover over 60 security assessments spanning five US states. Security Directive for Critical Pipeline Owners and Operators; First announced in 2021, the Security Directive was established in response to cyber-attacks on the Colonial Pipeline, which caused temporary gasoline shortages across much of the East Coast. This new initiative requires critical pipeline owners and operators to audit, identify, and establish updated security protocols for their most at-risk pipeline functions and help mitigate the risk of future cyber or physical attacks. The first step involves owners and operators identifying critical infrastructure as part of their operations by the end of May. These companies will then be required to complete their vulnerability assessments over the next two years, after which they can move to implement the necessary security protocol and processes. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 09
Full year 2021 earnings released: US$0.35 loss per share (vs US$0.53 loss in FY 2020) Full year 2021 results: US$0.35 loss per share. Revenue: US$3.22m (up 422% from FY 2020). Net loss: US$13.9m (loss widened 75% from FY 2020). Announcement • Apr 07
NowVertical Group, Inc. (TSXV:NOW) completed the acquisition of Allegient Defense, Inc. NowVertical Group, Inc. (TSXV:NOW) agreed to acquire Allegient Defense, Inc. for $10.4 million on December 20, 2021. Pursuant to the terms of a stock purchase agreement, NOW has agreed to acquire Allegient Defense for total aggregate consideration of $10.4 million, consisting of (i) a closing cash payments of $1.8 million (ii) a deferred cash payment of $0.2 million payable 12 months post-closing, (iii) the issuance on closing of subordinate voting shares of the Company valued at $0.6 million at the greater of (A) the CAD equivalent of $1 per share and (B) the Company's 20-day VWAP pre-closing, (iv) the assumption of a third party loan to Allegient Defense with an outstanding balance of approximately $3.8 million which will be partially repaid and refinanced as of Closing, and (v) an earn-out of up to an additional $4 million payable in subordinate voting shares of NOW (valued using the same method as the subordinate voting shares to be issued at closing) and/or cash, payable over a three-year period post-closing and based on Allegient Defense achieving certain EBITDA targets. The transaction is subject to customary closing conditions, including the receipt of TSXV approval and certain U.S. regulatory approvals.
NowVertical Group, Inc. (TSXV:NOW) completed the acquisition of Allegient Defense, Inc. on April 6, 2022. The transaction was approved by Committee on Foreign Investment in the United States. Announcement • Mar 29
NowVertical Group Inc. (TSXV:NOW) completed the acquisition of Exonar Limited. NowVertical Group Inc. (TSXV:NOW) agreed to acquire Exonar Limited on March 16, 2022. Transaction is subject to customary closing conditions, and is expected to be closed on or before March 31, 2022. The team at Exonar will join the NOW family.
NowVertical Group Inc. (TSXV:NOW) completed the acquisition of Exonar Limited on March 28, 2022. Announcement • Feb 18
NowVertical Group Inc. (TSXV:NOW) completed the acquisition of CoreBI S.A. and CoreBI S.A.S. NowVertical Group Inc. (TSXV:NOW) entered into definitive agreement to acquire CoreBI S.A. and CoreBI S.A.S. for $8 million on January 12, 2022. Consideration consists of cash consideration of $3 million, a contingent cash payment of $1.75 million payable on the 12-month anniversary of closing provided certain corporate objectives are satisfied and up to a maximum aggregate of $3.25 million in the form of an earn-out, payable to the vendors on the first, second, third and fourth year anniversaries of closing upon CoreBI achieving certain adjusted EBITDA targets. For the year 2021, CoreBI S.A. and CoreBI S.A.S. reported unaudited net income of approximately $0.6 million, revenue of $5.8 million and EBITDA of $0.9 million. The transaction is subject to customary closing conditions.
NowVertical Group Inc. (TSXV:NOW) completed the acquisition of CoreBI S.A. and CoreBI S.A.S. on February 17, 2022. CoreBI generated an audited net income of approximately $1.4 million, $7.1 million in revenue, and $1.8 million in EBITDA in 2021. Announcement • Jan 14
NowVertical Group Inc. (TSXV:NOW) entered into definitive agreement to acquire CoreBI S.A. and CoreBI S.A.S. for $8 million. NowVertical Group Inc. (TSXV:NOW) entered into definitive agreement to acquire CoreBI S.A. and CoreBI S.A.S. for $8 million on January 13, 2022. Consideration consists of cash consideration of $3 million,a contingent cash payment of $1.75 million payable on the 12-month anniversary of closing provided certain corporate objectives are satisfied and up to a maximum aggregate of $3.25 million in the form of an earn-out, payable to the vendors on the first, second, third and fourth year anniversaries of closing upon CoreBI achieving certain adjusted EBITDA targets. For the year 2021, CoreBI S.A. and CoreBI S.A.S. reported net income of approximately $0.6 million, revenue of $5.8 million and EBITDA of $0.9 million. The transaction is subject to customary closing conditions. Announcement • Dec 22
NowVertical Group, Inc. (TSXV:NOW) agreed to acquire Allegient Defense, Inc. for $10.4 million. NowVertical Group, Inc. (TSXV:NOW) agreed to acquire Allegient Defense, Inc. for $10.4 million on December 20, 2021. Pursuant to the terms of a stock purchase agreement, NOW has agreed to acquire Allegient Defense for total aggregate consideration of $10.4 million, consisting of (i) a closing cash payments of $1.8 million (ii) a deferred cash payment of $0.2 million payable 12 months post-closing, (iii) the issuance on closing of subordinate voting shares of the Company valued at $0.6 million at the greater of (A) the CAD equivalent of $1 per share and (B) the Company's 20-day VWAP pre-closing, (iv) the assumption of a third party loan to Allegient Defense with an outstanding balance of approximately $3.8 million which will be partially repaid and refinanced as of Closing, and (v) an earn-out of up to an additional $4 million payable in subordinate voting shares of NOW (valued using the same method as the subordinate voting shares to be issued at closing) and/or cash, payable over a three-year period post-closing and based on Allegient Defense achieving certain EBITDA targets. The transaction is subject to customary closing conditions, including the receipt of TSXV approval and certain U.S. regulatory approvals. Announcement • Dec 17
NowVertical Group, Inc. has completed a Composite Units Offering in the amount of CAD 10.350018 million. NowVertical Group, Inc. has completed a Composite Units Offering in the amount of CAD 10.350018 million.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 10,894,756
Price\Range: CAD 0.95
Discount Per Security: CAD 0.0665
Transaction Features: Regulation S; Rule 144A Announcement • Aug 25
NowVertical Group, Inc. (TSXV:NOW) entered into a definitive agreement to acquire substantially all of the assets from DocAuthority for $0.34 million. NowVertical Group, Inc. (TSXV:NOW) entered into a definitive agreement to acquire substantially all of the assets from DocAuthority for $0.34 million on August 24, 2021. The purchase price consideration in connection with the transaction will include (i) an aggregate cash payment of $0.32 million and (ii) the issuance of 40,000 subordinate voting shares of NowVertical Group. Closing of the transaction is subject to customary closing conditions, including the receipt of TSX Venture Exchange approval for both the Transaction and issuance of the NOW Shares. The Transaction is expected to close on or about September 24, 2021. Announcement • Aug 06
NowVertical Group, Inc. (TSXV:NOW) acquired Integra Data & Analytic Solutions Corp. NowVertical Group, Inc. (TSXV:NOW) acquired Integra Data & Analytic Solutions Corp. on August 5, 2021. A portion of the purchase price payable to the vendor was satisfied through the issuance of 555,556 NOW subordinate voting shares at a price of CAD 1.02 per share. Shareholders of Integra are also entitled to additional earnout payments upon achieving certain revenue and EBITDA targets. Integra's proprietary technology, Digital Hub will integrate into the NOW data analytics platform. Babak Shafiei-Sarvestani, Integra's Founder will become NowVertical's Employee value proposition, Energy & Renewables.
NowVertical Group, Inc. (TSXV:NOW) completed the acquisition of Integra Data & Analytic Solutions Corp. on August 5, 2021.