Loss of DoorDash partnership prompts Payfare share price plummet and strategic review
Shares dropped more than 75 percent Friday after news that firm’s largest customer would not renew its contract.
Markets
Propel Holdings to acquire UK-based QuidMarket for $95.9 million CAD
Company sees the UK as potential beachhead for expanding into the European market.
Lightspeed confirms strategic review of business as company reportedly explores sale
Investors react favourably as Lightspeed’s share price has risen over 17 percent.
Months-long dispute between Bitfarms and Riot Platforms draws to a close as companies reach settlement
Board member Andrés Finkielsztain steps down as Riot withdraws bid to reshuffle Bitfarms board.
Bitfarms and Riot continue public squabble leading up to October shareholder meeting
Riot encouraged shareholders to “seriously question” timing of recent Stronghold acquisition.
FansUnite sells American subsidiary back to co-founders, delists from TSX
FansUnite said it expects to retain approximately $500,000 CAD to “explore new business opportunities.”
TSX-listed Givex to be acquired by American payments firm Shift4 for $200 million CAD
The all-cash transaction will pay $1.50 per Givex share, a 55 percent premium on its Friday closing price.
Sonder inks Marriott licensing deal, secures additional liquidity amid continued challenges
Canadian-founded short-term rental firm expects to benefit from Marriott’s distribution.
Well Health plans to spin out, publicly list SaaS and services business in 2025
Founder and CEO Hamed Shahbazi said spin out will unlock “significant shareholder value.”
Targeted by activist investor, Bitfarms chairman and co-founder Nicolas Bonta steps down
The board shakeup follows Bitfarms adopting a second ‘poison pill’ after its first was struck down.
Shopify’s venture into brick-and-mortar payments pays off, revenue grows 21% in Q2
Navigating a mixed consumer spending environment, the company brought in $2 billion USD.
Nuvei posts 30% revenue growth in second quarter
Nuvei announced it plans to acquire Brazil-based Pay2All earlier this week.
LeddarTech’s Nasdaq listing in jeopardy as stock falls below $1-USD minimum
Warned it could be delisted in 180 days, company secures up to $9 million USD in bridge financing.
Dax Dasilva wants his bonus
Plus: More money on the table for diverse founders.
Lightspeed beats revenue forecast in first full quarter under Dax Dasilva’s renewed reign
Montréal-based company reports 27 percent year-over-year sales increase to $266.1 million USD.