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Sangoma Technologies Corp T.STC

Alternate Symbol(s):  SANG

Sangoma Technologies Corporation is engaged in delivering cloud-based communications as a service solution for companies of all sizes. The Company is a business communications platform provider with solutions that include its unified communications as a service (UCaaS), contact center as a service (CCaaS), communications platform as a service (CPaaS), and trunking technologies. Its enterprise-grade communications suite is developed in-house and available for cloud, hybrid, or on-premises setups. Additionally, the Company provides managed services for connectivity, network, and security. It offers hardware and software components that enable or enhance Internet protocol communications systems for both telecom and datacom applications. Its product line includes data and telecom boards for media and signal processing, as well as gateway appliances and software. Its phones and devices include voice over Internet protocol (VoIP) hardware, headsets, telephony cards, and accessories.


TSX:STC - Post by User

Post by Torontojayon Mar 20, 2021 11:43am
187 Views
Post# 32844935

Pro forma capital structure

Pro forma capital structure

This is from their original news release

Pro-Forma Capital Structure 

"Upon closing of the Acquisition, Sangoma expects to have approximately $101 million of debt and 133,487,735 common shares outstanding, of which Star2StarHoldings LLC will own approximately 16.5 million shares representing approximately 12% of Sangoma’s issued and outstanding shares. Including all common shares that will be issued pursuant to a scheduled deferred instalment release, Sangoma will have 221,487,735 common shares outstanding, of which Norman Worthington will own directly or indirectly, approximately 25% on a pro-forma basic share count basis."

There is no indication from this press release that they will need to issue more shares. Keep in mind they have over $90 m (cad) in cash on the balance sheet as of Dec 31st, 2020. They should be able to issue more debt without the need to dilute shareholders. 
 

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