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Uniserve Provides Update on Filing of Business Acquisition Report Related to Megawire Transaction
Thenewswire· 2026-03-06 22:05
Core Viewpoint - Uniserve Communications Corporation is in the process of preparing a business acquisition report (BAR) and associated financial statements related to its acquisition of Megawire Inc, but will not meet the filing deadline due to the need for additional time to prepare the necessary financial documents [1][3]. Group 1: Acquisition Details - Uniserve has announced the acquisition of all business, assets, and undertakings of Megawire Inc [1]. - The BAR is required to be filed within a 75-day period as per National Instrument 51-102 [2]. - Uniserve expects to complete the required filings by no later than June 30, 2026 [4]. Group 2: Financial Reporting Challenges - The company requires additional time to prepare the financial statements for the BAR and to complete the audit of the annual financial statements [3]. - Megawire and the other involved companies, Brimax Financial Services Inc. and Waterloo Wireless Inc., are private entities that have not previously prepared or filed audited financial statements [3]. Group 3: Company Position and Future Outlook - Uniserve is pleased to have completed the acquisition of Megawire, viewing it as a significant step in expanding its capabilities and geographic reach in managed IT and digital infrastructure solutions across Canada [5]. - The company confirms it is current in its other continuous disclosure filings aside from the required filings related to the acquisition [4].
Uniserve Expands Ontario Footprint with Strategic MSP Acquisition, Advancing National Digital Infrastructure Platform
Thenewswire· 2026-02-23 19:00
Core Viewpoint - Uniserve Communications Corporation has entered into a Letter of Intent to acquire an Ontario-based Managed Service Provider, enhancing its service offerings and supporting growth in recurring revenue [1][2]. Group 1: Acquisition Details - The acquisition is expected to bring approximately CAD $2.1 million in top-line sales and an expected EBITDA of CAD $600,000 [2]. - The purchase price for the transaction is anticipated to be CAD $1,300,000, with CAD $1,000,000 payable in cash and CAD $300,000 through a convertible note [3]. - The convertible note will have a conversion price of CAD $0.80 per share in the first year, CAD $0.90 in the second year, and CAD $1.00 thereafter, with an interest rate of 7% per annum [3]. Group 2: Transaction Conditions - The transaction is subject to the execution of a definitive agreement within 30 days, further due diligence, and approvals from the Board of Directors and the TSX Venture Exchange [4]. - The company will not assume any long-term debt of the MSP, and the MSP's shareholders are arm's length to the company [3]. Group 3: Company Overview - Uniserve provides managed IT, ISP, cloud, and data center services, with a focus on delivering secure and reliable IT solutions [5]. - The company operates in Vancouver, Calgary, and Waterloo, offering services across three core verticals: Data Centre Solutions, Managed IT Services, and Business Internet [5].
Insight Enterprises, Inc. (NSIT) Bolsters Credit Line to $2 Billion & Approves $299 Buyback Program
Yahoo Finance· 2025-12-29 14:56
Group 1 - Insight Enterprises Inc. has amended its asset-based lending credit agreement, increasing its credit facility from $1.8 billion to $2 billion, with $1.65 billion available to US borrowers and $350 million available in multiple currencies [2][3] - The maturity of the credit facility has been extended to December 19, 2030, providing the company with enhanced financial flexibility to finance operations and support international growth [2][3] - The company's board has approved a $299 million stock repurchase program, which includes $149 million carried over from the prior authorization [3] Group 2 - Cannaccord analyst Luke Morrison initiated coverage of Insight Enterprises with a Hold rating and a price target of $100, while the average price target from three Wall Street analysts is $103.33, indicating a potential upside of 29.53% from current levels [4] - Insight Enterprises is recognized as a global IT solutions provider, offering services such as cloud, data/AI, cybersecurity, and managed IT to help businesses with digital transformation [5]
Uniserve Communications Corporation Announces Availability of AGM Meeting and Voting Materials due to Canadian Mail Strike
Thenewswire· 2025-10-27 18:15
Core Viewpoint - Uniserve Communications Corporation is preparing for its annual general meeting on November 24, 2025, amid a Canada Post labour strike, which has affected the delivery of meeting materials [1][7]. Group 1: Meeting Details - The annual general meeting will take place at Nita Lake Lodge, Whistler, British Columbia, at 1:30 PM local time [1]. - Shareholders are encouraged to access meeting materials electronically and vote online [2]. - Registered shareholders can request a control number from Computershare to vote online or by phone [2][3]. Group 2: Agenda Items - The meeting will cover several key agenda items, including: 1. Review of the directors' report and the consolidated financial statements for the fiscal period ending May 31, 2025 [5]. 2. Determination of the number of directors to be elected [5]. 3. Election of directors for the upcoming year [5]. 4. Appointment of auditors and authorization for directors to fix their remuneration [5]. 5. Confirmation and re-approval of the Company's Stock Option Plan [5]. 6. Transaction of any other business that may properly come before the meeting [5]. Group 3: Voting and Proxies - Shareholders' votes must be received by 1:30 PM Pacific Daylight Time on November 20, 2025 [6]. - Beneficial shareholders should contact their brokers to obtain voting instructions [4]. Group 4: Company Overview - Uniserve Communications Corporation provides IT solutions, including Data Centre Solutions, Managed IT Services, and Business Internet, with offices in Vancouver, Calgary, and Waterloo [8]. - The company focuses on delivering secure, reliable, and scalable services to support client operations [8].
Sentry Technology Solutions Named GrowFL Florida Companies to Watch
PRWEB· 2025-10-15 18:00
Core Insights - Sentry Technology Solutions has been recognized among Florida's dynamic second-stage companies, highlighting the importance of partnership and innovation in business growth [2][3] - The selection process for the GrowFL Florida Companies to Watch honorees was highly competitive, showcasing the resilience and quality of Florida's second-stage businesses [2][3] - The 50 honorees represent a diverse range of industries and are contributing to significant economic growth across 17 counties in Florida [3] Company Overview - Sentry Technology Solutions, founded in 2014 in Orlando, focuses on transforming technology into a competitive advantage for growing businesses [2][6] - The company provides managed IT, enterprise-grade cybersecurity, and AI-powered solutions, aiming to enhance operational efficiency and security for businesses [6] Industry Context - GrowFL is dedicated to supporting the growth of second-stage companies in Florida, providing resources and connections to help these businesses overcome challenges [5] - The organization emphasizes the role of second-stage companies in driving economic prosperity throughout the state [5]