Alithya Group Inc., in its going public transaction by way of a business combination with Edgewater Technology, Inc. and completion of a $52.8 million concurrent private placement

On November 1st, 2018, Alithya Group Inc. (“Alithya”), a Québec private corporation, announced the successful completion of the previously announced business combination between Alithya and Edgewater Technology, Inc. (“Edgewater”), a Delaware corporation listed on the NASDAQ Global Market.

On October 30, 2018, Alithya closed its previously announced bought deal private placement where an aggregate of 11,736,055 subscription receipts were issued at a price of $4.50 per subscription receipt for estimated gross proceeds of approximately $52.8 million. The Offering was completed through a syndicate of underwriters led by Desjardins Capital Markets, and including GMP Securities L.P., National Bank Financial Inc. and Echelon Wealth Partners Inc.

Alithya, is a leader in digital strategies and technologies in North America, offering information technology and management consulting services.

Edgewater is a publicly traded business and IT consulting firm with nearly 400 experts across the United States specializing in the implementation of Microsoft and Oracle enterprise and cloud solutions.

Osler, Hoskin & Harcourt LLP represented Alithya in both Canada and the U.S. with a team consisting of Shahir Guindi, François Paradis, Jason Comerford, Jeremy Brisset, Jie Chai and Jean-Philippe Bertrand (Corporate & Securities), Bastien Gauthier (Corporate Finance), Paul Seraganian, Alain Fournier and Jean-Philippe Dionne (Tax), and Fabrice Benoit and Julien Hynes-Gagné (Litigation) (with respect to the Arrangement).