Lightspeed reduces staff by 10 percent in suite of cost-cutting steps following Dax Dasilva’s return
Layoffs part of company’s reorganization strategy following a disappointing response to Q3 earnings.
Markets
Nuvei to be acquired by US-based Advent and taken private in $6.3-billion USD deal
Nuvei will become the latest in string of publicly traded Canadian tech companies to go private.
WonderFi responds as shareholders Kaos Capital, Mogo push for board overhaul
Kaos and Mogo want board changes. WonderFi claims Mogo wants control without paying a premium.
NowVertical resolves dispute with founder, shareholder Daren Trousdell
Trousdell called for NowVertical’s board to be replaced in January.
WonderFi to acquire Australian crypto trading licence as “solid foundation” for international expansion
After buying up several regulated Canadian crypto exchanges, WonderFi eyes down under for growth.
Sonder faces class action investigation after delaying financial results due to errors in past statements
Company said correcting the errors will increase its net loss for 2022 and 2023.
TrueContext to be acquired by Battery Ventures in latest Canadian go-private deal
The acquisition values the workflow platform at approximately $150 million.
MDF Commerce to go private in $255-million acquisition by New York-based KKR
The deal’s price tag is a premium on its recent TSX close yet well below its peak value.
BC’s tech companies stand out in 2024 TSX Venture 50 list
Tech companies surged on the TSXV, with an average share price growth of 178 percent.
Think Research to be acquired by lender Beedie Capital
The deal offers “the best available path forward” for the healthtech firm.
Lightspeed founder Dax Dasilva returns as interim CEO, replacing JP Chauvet
Despite recently beating its fiscal Q3 targets, Lightspeed’s shares have still fallen.
Shopify beats Q4 estimates with strong holiday season, but stock still drops
Shopify aims to deliver “compelling mix of growth and profitability” in 2024.
Fuelled by Well Health partnership, Healwell looks to apply AI to preventative care
Healwell AI zeroes in on M&A for growth after surgically removing its clinical footprint.
Lightspeed exceeds fiscal Q3 revenue, profitability targets but company’s shares still slide
Growth will be Lightspeed’s “top priority” in the coming year, says CEO.
Q4 Inc. delists from TSX as Sumeru Equity Partners buyout closes
Just over two years after TSX IPO, Q4 Inc. becomes the latest Canadian tech company to go private.