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  5. NVEI: I received this message below dated NOV. [Nuvei Corporation]
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Investment Q&A

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Q: I received this message below dated NOV. 20 and my 115 shares have vanished! (Replaced by cash.)

NUVEI CORPORATION SUBORDINATE VOTING SHARES PLAN OF ARRANGEMENT @ USD $34.00 PER SHARE 3,910.00 U$ CNV 1.3983900

How does this happen? Is it common? (I knew something was coming but thought it was going to be 2025.)

Thanks in advance!
Asked by Marilou on November 26, 2024
5i Research Answer:

When shareholders approve a deal it becomes automatic to all shareholders at a certain percentage level of approval (typically 90%). The deal did close a little earlier than expected. 

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