Sangoma Technologies Corp (SANG) Form 6-K — Sep 29, 2026
Sangoma Technologies (NASDAQ: SANG; TSX: STC) has signed a definitive arrangement agreement to be acquired by an affiliate of BRC Group Holdings (NASDAQ: RILY), valuing Sangoma at an enterprise value of approximately US$204 million (C$289 million). The deal is expected to close no later than early 2027. Shareholders will receive US$4.925 in cash plus 0.04767 of a BRC share per Sangoma share, implying US$5.225 (C$7.40) per share — a premium of roughly 47% to the closing price and 51% to the 10-day VWAP on the TSX as of September 28, 2026.
Key figures
- Deal Value Usd
- 204000000
- Expected close
- early 2027
- Premium to close
- ~47%
- Cash per share usd
- 4.925
- Termination fee usd
- 5397000
- Enterprise value cad
- C$289 million
- Premium to 10day vwap
- ~51%
- Share exchange ratio brc
- 0.04767
- Aggregate cash payable usd
- 170000000
- Implied value per share cad
- C$7.40
- Implied value per share usd
- 5.225
- Insider voting support percent
- ~27%
- Aggregate brc shares issuable usd
- 10000000
- Pro forma brc ownership for sangoma holders
- ~4%
AI analysis
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