RE:RE:Give this stock a few months.@TrevDesch. About your question. Now that 1/3 of the float is gone the dilutive effect is gone as well. Also with it is a debt reduction which makes for more solid financials going forward for QUIS.
It's all in the news release:
1) Transaction Simplifies Company into a Pure-Play Microsoft Cloud and AI Solutions Provider.
2) Improved Financial Profile with US$35 million Debt Reduction.
3) Pro Forma Adjusted EBITDA of US$16.4 million.
4) Meaningful Growth Initiatives in Microsoft Artificial Intelligence Services and Recurring Revenue.
5) Following the completion of the Transaction and the return and cancellation of the Quisitive Shares by Quisitive, a total of 272,532,461 Quisitive Shares will remain issued and outstanding.