VIQ Solutions Inc. - VQS STOCK NEWS

VIQ Solutions Inc. has announced it will not proceed with the previously planned public offering of common shares, deemed unsuitable under current market conditions. This decision follows a management assessment prioritizing shareholder interests. The offering was registered under the United States SEC and Canadian securities regulatory authorities. Additionally, VIQ's common shares are set to begin trading on Nasdaq under the ticker 'VQS' starting August 12, 2021. No shares will be sold as part of the offering.

VIQ Solutions Inc (TSX:VQS, OTCQX:VQSLF) will announce its financial results for Q4 and full year 2020 post-market on April 7, 2021. A conference call is scheduled for April 8 at 11:00 AM ET for discussion of these results. Investors can access the call via webcast or dial-in options. VIQ is a leading provider of AI-driven digital voice and video capture technology, servicing sectors like criminal justice and media, focused on enhancing content accessibility and security.

VIQ Solutions Inc. (VQS, VQSLF) has launched FirstDraft, an AI-driven service that converts audio files into text with near real-time efficiency. This innovation aims to optimize the workflow in complex environments, significantly benefiting sectors such as media, law enforcement, and legal services. By digitizing previously inaccessible audio content at a low cost, FirstDraft allows clients to generate text drafts quickly for editing. This service complements the high demand for fully edited transcripts while improving accessibility and actionable insights from recorded materials.

VIQ Solutions Inc (TSX: VQS, OTC: VQSLF) has announced changes in its executive leadership team to propel its growth strategy. Susan Sumner has been appointed President and COO, enhancing her previous role. Elizabeth Vanneste joins as Executive VP of Product and Strategy to direct innovation and new product development. These strategic appointments aim to accelerate product innovation and operational excellence while expanding VIQ’s global reach. The company focuses on AI-driven technology across various markets, positioning itself for significant expansion.

VIQ Solutions Inc. announced the approval for its common shares to be listed on the Toronto Stock Exchange (TSX), moving from the TSX Venture Exchange (TSX-V). Trading on the TSX will commence on January 21, 2021, under the unchanged symbol 'VQS'. This transition reflects the company's growth strategy and aims to increase investor visibility and broaden the shareholder base. The delisting from TSX-V will take effect following the last trading day on January 20, 2021. VIQ Solutions specializes in AI-driven digital voice and video capture technologies.

VIQ Solutions Inc. has converted approximately USD$388,615 of its unsecured convertible notes into 390,003 common shares, resulting in a one-time non-cash interest expense of about USD$0.2 million for Q4 2020. This move is part of the company's strategy to optimize its capitalization table ahead of an expected uplisting from TSX Venture Exchange to TSX Exchange in January. The conversion is classified as a related party transaction but is exempt from formal valuation and minority shareholder approval requirements.

VIQ Solutions Inc. has received conditional approval to list its common shares on the Toronto Stock Exchange (TSX), marking a significant milestone in its capital markets journey. This transition from the TSX Venture Exchange (TSX-V) aims to enhance stock liquidity and broaden the investor base, particularly among institutional investors. Final approval is expected by March 18, 2021, following the fulfillment of standard TSX conditions. The stock symbol, VQS, will remain unchanged. VIQ's growth and international diversification have been highlighted as key factors driving this change.

VIQ Solutions has announced a significant expansion of its services in the Asia Pacific region, signing a six-year master services agreement with Queensland's Department of Justice. The contract allows VIQ to provide monitoring and transcription services, expected to result in 24,000 hours of monitoring and over 1 million transcript folios annually. This partnership aims to enhance the digital workflow for court proceedings, ensuring accuracy and confidentiality. The company plans to fully execute the contract by June 2021, reinforcing its position as a leader in secure digital evidence capture.