GIVEX CORP - GIVXF STOCK NEWS

Givex Corp (TSX: GIVX) (OTCQX: GIVXF) has received final court approval from the Ontario Superior Court of Justice for its previously announced arrangement with Shift4 Payments. Under the arrangement, Shift4 will acquire all outstanding Givex shares for $1.50 per share in cash. The transaction is expected to close around November 8, 2024, subject to customary conditions. Following completion, Givex shares will be delisted from the Toronto Stock Exchange, and the company will cease to be a reporting issuer.

Givex Corp shareholders have approved the previously announced plan of arrangement with Shift4 Payments, where Shift4 will acquire all outstanding Givex shares for $1.50 per share in cash. The arrangement received overwhelming support with 99.998% of eligible votes in favor. The transaction required approval from two-thirds of shareholders and a simple majority excluding certain shareholders under regulatory requirements. 40,091,776 shares were excluded from the minority vote. Subject to final court approval on November 5, 2024, and other customary conditions, the transaction is expected to close around November 8, 2024.

Givex Corp. (TSX: GIVX) (OTCQX: GIVXF) has mailed meeting materials for a special shareholder meeting on November 1, 2024, to approve a plan of arrangement with Shift4 Payments, Inc. Under the arrangement, Shift4 will acquire all outstanding Givex shares for $1.50 per share in cash. The meeting will be held in-person at 10:00 a.m. in Toronto.

The arrangement requires approval by two-thirds of shareholder votes and a simple majority of minority shareholders. If conditions are met, the closing is expected around November 8, 2024. The Givex board unanimously recommends shareholders vote in favor of the arrangement, based on the recommendation of a special committee and fairness opinion from Canaccord Genuity Corp.

Shift4 Payments has agreed to acquire Givex Corp. in an all-cash transaction valued at C$200 million. Givex shareholders will receive C$1.50 per share, representing a 64% premium to Givex's 20-day VWAP. The transaction has been unanimously approved by Givex's Board and Special Committee. Key highlights include:

• All-cash offer providing immediate liquidity and certainty of value
• 57.4% of Givex shareholders support the deal
• Expected to close in November 2024
• Givex will be delisted from TSX post-closing

The acquisition aims to combine Shift4's payment solutions with Givex's gift card and loyalty programs, expanding customer bases and enhancing value propositions for both companies.

Givex Corp. (TSX: GIVX) (OTCQX: GIVXF) reported positive financial results for Q2 2024 and the six-month period ending June 30, 2024. Key highlights include:

- Q2 2024: Revenue up 7% to $20.9 million, Gross Profit up 8% to $15.2 million, Net Income of $0.2 million (vs. $1.0 million loss in Q2 2023), EBITDA up 224% to $1.9 million

- H1 2024: Revenue up 8% to $41.7 million, Gross Profit up 7% to $29.2 million, Net Income of $0.7 million (vs. $2.2 million loss in H1 2023), EBITDA up 470% to $3.6 million

The company maintained Employee Compensation at 53% of Gross Profit, indicating successful cost management. Givex ended the period with $24.2 million in cash and cash equivalents.

Givex Corp. (TSX: GIVX) (OTCQX: GIVXF) has been chosen by Shopee, a major marketplace platform, as its technology partner for gift card processing and distribution in Brazil. This partnership aims to expand Shopee's gift card reach beyond its platform, offering customers a new way to access Shopee's shopping options.

Key points:

• Shopee gift cards will be launched on GivexHub, Brazil's largest gift card distribution channel
• GivexHub provides access to over 120 million digital wallet users (B2C) and 40,000 corporate customers (B2B)
• Shopee will be the first online marketplace to launch its gift card solution on GivexHub
• Users can buy Shopee gift cards through popular mobile wallets and redeem them in the Shopee App

On May 16, 2024, Givex announced the launch of GivexEngageAI, an AI platform designed to enhance customer relationships through data-driven profiles and targeted engagements. The platform creates 360-degree profiles based on customer interactions, including loyalty accounts and transaction details, offering personalized communications. By integrating with GivexPOS, EngageAI supports data-driven decision-making, helping businesses improve customer conversion and retention. This launch marks a significant step for Givex, aiming to provide deeper insights and scalable solutions for brands globally.

Givex has announced a partnership with Ópticas Lux, a leading optical retailer in Mexico with over 80 years in the business and more than 100 branches nationwide. This collaboration will see the launch of a gift card program, powered by Givex technology, that allows customers to purchase and redeem both physical and electronic gift cards. These gift cards can be used in-store and online as a payment method or incentive for the brand's eye care and conservation solutions. The program aims to offer a practical and secure gifting option, enhancing customer satisfaction and reflecting Ópticas Lux's commitment to quality and innovation.

Givex Corp. announced the voting results of its annual and special shareholders' meeting with a majority voting in line with management recommendations. The election of directors and appointment of the auditor were approved with high percentages of votes. The Warrant Extension Resolution was also approved by disinterested shareholders.