MONTRÉAL, Nov. 13,
2024 /PRNewswire/ -- Nuvei Corporation
("Nuvei" or the "Company") (Nasdaq: NVEI)(TSX:
NVEI), the Canadian fintech company, announced today that it has
received all regulatory approvals required in connection with the
closing of the previously-announced plan of arrangement under the
Canada Business Corporations Act (the "Arrangement")
involving the Company and Neon Maple Purchaser Inc., an entity
formed by Advent International, with the support and participation
of Philip Fayer, certain investment
funds managed by Novacap Management Inc. and CDPQ. The Company
expects that, subject to the satisfaction at closing of the
remaining closing conditions, the Arrangement will be completed on
or about November 15, 2024.
The Arrangement was approved by Nuvei shareholders at a special
meeting of shareholders held on June 18,
2024, and the Company obtained a final order from the
Superior Court of Québec (Commercial Division) approving the
Arrangement on June 20, 2024.
Further details regarding the Arrangement are provided in the
management information circular of the Company dated May 13, 2024, which was mailed to Nuvei
shareholders in connection with the Arrangement, a copy of which is
available under the Company's profile on SEDAR+ at www.sedarplus.ca
and on EDGAR at www.sec.gov.
About Nuvei
Nuvei (Nasdaq: NVEI) (TSX: NVEI) is the Canadian fintech company
accelerating the business of clients around the world. Nuvei's
modular, flexible and scalable technology allows leading companies
to accept next-gen payments, offer all payout options and benefit
from card issuing, banking, risk and fraud management
services. Connecting businesses to their customers in more than 200
markets, with local acquiring in 50 markets, 150 currencies and 720
alternative payment methods, Nuvei provides the technology and
insights for customers and partners to succeed locally and globally
with one integration.
Forward-Looking Statements
This press release contains "forward-looking information" and
"forward-looking statements" (collectively, "Forward-looking
information") within the meaning of applicable securities laws.
This Forward-looking information is identified by the use of terms
and phrases such as "may", "would", "should", "could", "expect",
"intend", "estimate", "anticipate", "plan", "foresee", "believe",
or "continue", the negative of these terms and similar terminology,
including references to assumptions, although not all
Forward-looking information contains these terms and phrases.
Particularly, statements regarding the Arrangement, including the
proposed timing of completion of the Arrangement, are
Forward-looking information.
In addition, any statements that refer to expectations,
intentions, projections or other characterizations of future events
or circumstances contain Forward-looking information. Statements
containing Forward‑looking information are not historical facts but
instead represent management's expectations, estimates and
projections regarding future events or circumstances.
Forward-looking information is based on management's beliefs and
assumptions and on information currently available to management,
and although the Forward-looking information contained herein is
based upon what management believes are reasonable assumptions,
readers are cautioned against placing undue reliance on this
information since actual results may vary from the Forward-looking
information.
Forward-looking information involves known and unknown risks and
uncertainties, many of which are beyond the Company's control, that
could cause actual results to differ materially from those that are
disclosed in or implied by such Forward-looking information. These
risks and uncertainties include, but are not limited to, the risk
factors described in greater detail under the heading "Risk
Factors" in the Company's annual information form filed on
March 5, 2024, and under the heading
"Risk Factors" in the Company's management's discussion and
analysis for the nine months ended September
30, 2024. These risks and uncertainties further include (but
are not limited to) as concerns the Arrangement, the failure of the
parties to satisfy the remaining conditions to the completion of
the Arrangement or satisfy such conditions in a timely manner,
significant transaction costs or unknown liabilities, failure to
realize the expected benefits of the Arrangement, and general
economic conditions. Failure to satisfy the remaining conditions to
the completion of the Arrangement may result in the Arrangement not
being completed on the proposed terms, or at all. In addition, if
the Arrangement is not completed, and the Company continues as a
publicly-traded entity, there are risks that the announcement of
the Arrangement and the dedication of substantial resources of the
Company to the completion of the Arrangement could have an impact
on its business and strategic relationships (including with future
and prospective employees, customers, suppliers and partners),
operating results and activities in general, and could have a
material adverse effect on its current and future operations,
financial condition and prospects. Furthermore, in certain
circumstances, the Company may be required to pay a termination fee
to the purchaser pursuant to the terms of the arrangement agreement
governing the Arrangement, which could have a material adverse
effect on its financial position and results of operations and its
ability to fund growth prospects and current operations.
Consequently, all of the Forward-looking information contained
herein is qualified by the foregoing cautionary statements, and
there can be no guarantee that the results or developments that
management anticipates will be realized or, even if substantially
realized, that they will have the expected consequences or effects
on the Company's business, financial condition or results of
operation. Unless otherwise noted or the context otherwise
indicates, the Forward-looking information contained herein
represents the Company's expectations as of the date hereof or as
of the date it is otherwise stated to be made, as applicable, and
is subject to change after such date. However, the Company
disclaims any intention or obligation or undertaking to update or
amend such Forward-looking information whether as a result of new
information, future events or otherwise, except as may be required
by applicable law.
For further information please contact:
Investors
Chris Mammone, Head of Investor
Relations
IR@nuvei.com
Media
alex.hammond@nuvei.com
NVEI-IR
View original content to download
multimedia:https://www.prnewswire.com/news-releases/nuvei-receives-all-regulatory-approvals-for-going-private-transaction-302304159.html
SOURCE Nuvei