Quorum Information Technologies Inc. (TSXV:QIS) acquired VINN Automotive Technologies Limited for CAD 0.75 million on June 23, 2023. Under the terms of the transaction, Quorum will pay CAD 0.75 million in cash with an 80% holdback pursuant to the terms of the Share Purchase Agreement. Quorum will utilize current cash reserves to fund the cash consideration.

Quorum Information Technologies Inc. (TSXV:QIS) completed the acquisition of VINN Automotive Technologies Limited on June 23, 2023.