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Quisitive, a Dynamics reseller based in Toronto, Ont., has received a commitment for a private placement investment of about $15.9 Million ($20M Canadian). Quisitive CEO, Mike Reinhart said the infusion will help the company’s balance sheet, help with its acquisition strategy and support the development of its LedgerPay payments software. 

The deal is expected to close this month. The investment is coming from FAX Capital Corp., which has agreed to buy 16 million common shares from Quisitive for $1.25 (Canadian) per share. Quisitive’s shares trade on the TSX Venture Exchange. Quisitive acquired American reseller Menlo Technologies in December 2019 and Corporate Renaissance Group in June that year, But recent announcements and most of Reinhart’s comments about the FAX investment were about LedgerPay. After the investment, FAX will own about 7.6 percent of Quisitive’s common shares.

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