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Converge Technology Solutions and H.I.G. Capital Agree to Amend Arrangement Agreement

Converge Technology Solutions and H.I.G. Capital agreed to amend their arrangement agreement on April 1, 2025.
Converge received an unsolicited proposal from a Third Party, prompting H.I.G. to amend the existing agreement.
The amended agreement increases the cash price to C$6.00 per Common Share for shareholders, excluding those with rollover equity agreements.
The Third Party's amended binding Acquisition Proposal increased the price per Common Share by 1.7% to C$6.10.
Converge's board recommends shareholders vote for the Arrangement Resolution at the April 10, 2025, virtual meeting, with completion expected around April 17, 2025.

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