Roth Canada is pleased to announce its role as exclusive financial advisor to Tiny Ltd. (TSX.V: TINY) on the acquisition of a 66% interest in Serato Audio Research, a leading global audio software company. The transaction, valued at US$66 million plus contingent consideration, consisted of US$23.6 million in Tiny common shares and US$42.4 million in cash, implying a valuation of 3.2x annualized revenue and 9.6x adjusted EBITDA based on the nine months ended Sept. 30, 2024.
In conjunction with the acquisition, Roth Canada also acted as co-lead underwriter on a C$20 million bought deal public offering of 17.4 million subscription receipts at C$1.15 per receipt, and as co-lead placement agent on a C$36.1 million private placement of convertible debentures, bringing the total transaction financing to C$56.1 million. This transaction highlights Roth Canada’s ongoing commitment to supporting high-growth technology and digital platform businesses in strategic M&A and capital markets activity.
To view the full press release, visit https://ibn.fm/7h9Ee
About Roth Canada
Roth Canada, Inc., is a Canadian CIRO-regulated Dealer Member, focused on serving emerging growth Canadian companies and their investors. Roth Canada is headquartered in Toronto and maintains offices in Vancouver and Calgary.
For more information on Roth Canada, please visit https://www.rothcanada.ca/.
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