Nuvei to Release Second Quarter 2024 Results on August 6, 2024

Rhea-AI Summary

Nuvei (Nasdaq: NVEI) (TSX: NVEI), a Canadian fintech company, has announced it will release its second quarter 2024 financial results after market close on August 6, 2024. This announcement comes in the context of Nuvei's recent agreement to be taken private by Advent International, along with existing Canadian shareholders Philip Fayer, Novacap, and CDPQ. The privatization deal, announced on April 1, 2024, values Nuvei at an enterprise value of approximately US$6.3 billion, with shareholders set to receive US$34.00 per share in an all-cash transaction. Due to this pending transaction, Nuvei will not host a conference call or webcast to discuss the Q2 2024 results.

Positive

• Nuvei is being taken private at a valuation of US$6.3 billion
• Shareholders will receive US$34.00 per share in cash

Negative

• No conference call or webcast for Q2 2024 results discussion
• Potential loss of public market liquidity for current shareholders

MONTREAL, July 24, 2024 /PRNewswire/ -- Nuvei Corporation ("Nuvei" or the "Company") (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, today announced it will release its second quarter 2024 results after market close on August 6, 2024.

On April 1, 2024, Nuvei announced that it entered into a definitive arrangement agreement to be taken private by Advent International, alongside existing Canadian shareholders Philip Fayer, Novacap, and CDPQ for US$34.00 per share via an all cash transaction, which values the Company at an enterprise value of approximately US$6.3 billion. In light of the announced transaction, Nuvei will not host a conference call or webcast to review the second quarter 2024 financial results.

About Nuvei

Nuvei (Nasdaq: NVEI) (TSX: NVEI) is the Canadian fintech company accelerating the business of clients around the world. Nuvei's modular, flexible and scalable technology allows leading companies to accept next-gen payments, offer all payout options and benefit from card issuing, banking, risk and fraud management services. Connecting businesses to their customers in more than 200 markets, with local acquiring in 50 markets, 150 currencies and 700 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration.

For more information, visit www.nuvei.com.

Nuvei Investor Contact:

Chris Mammone, Head of Investor Relations
IR@nuvei.com 

NVEI-IR

 

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SOURCE Nuvei

FAQ

When will Nuvei (NVEI) release its Q2 2024 financial results?

Nuvei (NVEI) will release its second quarter 2024 financial results after market close on August 6, 2024.

What is the status of Nuvei's (NVEI) privatization deal announced on April 1, 2024?

Nuvei (NVEI) entered into a definitive arrangement agreement to be taken private by Advent International, alongside existing Canadian shareholders, for US$34.00 per share in an all-cash transaction, valuing the company at approximately US$6.3 billion.

Will Nuvei (NVEI) host a conference call for its Q2 2024 results?

No, Nuvei (NVEI) will not host a conference call or webcast to review the second quarter 2024 financial results due to the pending privatization transaction.

What is the offer price for Nuvei (NVEI) shares in the privatization deal?

The privatization deal offers Nuvei (NVEI) shareholders US$34.00 per share in an all-cash transaction.