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How Did The Quisitive (QUISF) Stock Rise Nearly 8%?

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Quisitive Technology Solutions, Inc. (OTCPk: QUISF) closed at a price of $1.2204 an increase of 7.69%. Quisitive stock volume amounted to 118.747K, compared with its average weekly volume of 29.48K. As a result of the company’s announcement of an accelerated warrant expiry date in Canada, QUISF stock surged.

How QUISF will be accelerating warrants expiration?

Microsoft’s premier global partner, Quisitive delivers Microsoft solutions along with complementary technologies for enterprises, including custom solutions and first-party offerings. The Cloud Solutions business of QUISF provides enterprises with support in moving to, operating in, and leveraging the three Microsoft cloud platforms.

In addition to LedgerPay product suite, QUISF’s Payments Solutions business uses the Azure cloud to transform the payment processing industry into a smarts consumer platform that improves customer engagement and loyalty. QUISF has ten employee hubs worldwide to serve clients globally.

Quisitive announced this week that it would accelerate the expiration of its common share purchase warrants in Canada, which are scheduled to expire on June 26, 2020.

  • Under the warrant agreement in place between Computershare Trust Co. of Canada and Quisitive, the warrants were issued by QUISF on June 26, 2020.
  • A Notice of Acceleration will be delivered to holders of warrants informing them of the QUISF’s decision to accelerate the expiration date of the warrants to June 16, 2021.
  • After the Accelerated Expiry Date, the Warrants will be delisted from the TSXV under the ticker QUIS.WT.

QUISF financial results:

Quisitive (QUISF) is also set to be announcing the financial results for the first quarter ended March 31, 2021, in a press release on Tuesday, May 25. The QUISF press release will be followed by a conference call at 5:00 p.m. Eastern time (2:00 p.m. Pacific time) on the day to discuss those results.

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