Court Grants Final Order Approving Acquisition of Kneat by Thoma Bravo
Rhea-AI Summary
Kneat (TSX: KSI, OTCQX: KSIOF) announced that the Ontario Superior Court of Justice (Commercial List) has issued a final order approving the previously announced plan of arrangement under which an affiliate of Thoma Bravo will acquire all outstanding Kneat common shares, other than rollover shares.
According to Kneat, completion of the transaction remains subject to satisfaction or waiver of the remaining conditions in the June 8, 2026 arrangement agreement, and closing is anticipated on or about August 11, 2026. Kneat provides the Kneat Gx digital validation platform for highly regulated industries, which customer studies indicate can reduce validation documentation man-hours and review/approval cycle times by up to 50%, while supporting higher regulatory compliance standards.
Positive
- Court grants final order for Thoma Bravo acquisition of all outstanding shares (excluding rollovers)
- Transaction completion anticipated on or about August 11, 2026, subject to remaining conditions
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
LIMERICK, Ireland, Aug. 06, 2026 (GLOBE NEWSWIRE) -- kneat.com, inc. (TSX: KSI) (OTCQX: KSIOF), (“Kneat” or the “Company”), the global leader in digital validation and quality process automation, today announced that the Ontario Superior Court of Justice (Commercial List) has issued a final order approving the previously announced plan of arrangement (the “Proposed Transaction”) whereby an affiliate of Thoma Bravo, L.P. (“Thoma Bravo”) will acquire all of the outstanding common shares of the Company (the “Shares”), other than any rollover shares.
Subject to the satisfaction or waiver, where permitted, of the remaining conditions to closing contained in the arrangement agreement entered into between the Company and the Purchaser dated June 8, 2026, it is anticipated that the Proposed Transaction will be completed by the parties on or about August 11, 2026.
About Kneat
Kneat Solutions provides leading companies in highly regulated industries with unparalleled efficiency in validation and compliance through its digital validation platform Kneat Gx. As an industry leader in customer satisfaction, Kneat boasts an excellent record for implementation, powered by our user-friendly design, expert support, and on-demand training academy. Kneat Gx is an industry-leading digital validation platform that enables highly regulated companies to manage any validation discipline from end-to-end. Kneat Gx is fully ISO 9001 and ISO 27001 certified, fully validated, and 21 CFR Part 11/Annex 11 compliant. Optional AI capabilities within Kneat Gx accelerate the validation lifecycle, from content generation to review and analysis, while maintaining full GxP compliance, governance, and data integrity. Multiple independent customer studies have shown that Kneat Gx reduces man-hours associated with validation documentation by up to
Cautionary Note Regarding Forward-Looking Information
This press release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities laws. Such forward-looking information or statements (“FLS”) are provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Any such FLS may be identified by words such as “proposed”, “expects”, “anticipates”, “intends”, “may”, “will”, and similar expressions. FLS contained or referred to in this press release includes, but is not limited to, statements regarding the proposed timing and various steps contemplated in respect of the closing of the Proposed Transaction.
FLS are based on a number of factors and assumptions which have been used to develop such statements and information, but which may prove to be incorrect. Although the Company believes that the expectations reflected in such FLS are reasonable, undue reliance should not be placed on FLS because the Company can give no assurance that such expectations will prove to be correct. Factors that could cause actual results to differ materially from those described in such FLS include, without limitation, the following factors, many of which are beyond the Company’s control and the effects of which can be difficult to predict: (a) the possibility that the Proposed Transaction will not be completed on the terms and conditions, or on the timing, currently contemplated, and that it may not be completed at all, due to a failure to obtain or satisfy, in a timely manner or otherwise, any of the conditions of closing necessary to complete the Proposed Transaction or for other reasons; and (b) the identified risk factors included in the Company’s public disclosure, including the annual information form dated February 25, 2026, which is available on SEDAR+ at www.sedarplus.ca and on the Company’s website at investors.kneat.com. If any of these risks or uncertainties materialize, or if the assumptions underlying the FLS prove incorrect, actual results or future events might vary materially from those anticipated in the FLS. Although the Company has attempted to identify important risk factors that could cause actual results to differ materially from those contained in FLS, there may be other risk factors not presently known to the Company or that the Company presently believes are not material that could also cause actual results or future events to differ materially from those expressed in such FLS. The FLS in this press release reflect the current expectations, assumptions, judgements and/or beliefs of the Company based on information currently available to the Company, and are subject to change without notice.
Any FLS speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any FLS, whether as a result of new information, future events or results or otherwise, except as required under applicable securities laws. The FLS contained in this press release are expressly qualified by this cautionary statement. For more information on the Company, please review the Company's continuous disclosure filings that are available at www.sedarplus.ca.
For further information:
Katie Keita
Investor Relations Lead
+1 902-706-9074
katie.keita@kneat.com
Adam Pollack/Kelly Sullivan
Joele Frank, Wilkinson Brimmer Katcher
+1 212 355-4449
Kneat-JF@joelefrank.com
