Technology

Quarterhill Inc. Announces $35 Million Bought Deal Private Placement

Published

2 hours ago

August 26, 2026

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES/

TORONTO, August 26, 2026 /CNW/ — Quarterhill Inc. (“Quarterhill” or the “Company”) (TSX: QTRH) (OTCQX: QTRHF) is pleased to announce that it has entered into an agreement with ATB Cormark Capital Markets and Roth Canada, Inc., as co-lead underwriters and joint bookrunners on behalf of a syndicate of underwriters (collectively, the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a “bought deal” private placement basis, 14,113,000 common shares of the Company (the “Shares”) at a price of $2.48 per Share (the “Issue Price”) for aggregate gross proceeds of $35,000,240 (the “Underwritten Offering”).

The Company has agreed to grant the Underwriters an option to purchase up to an additional 15% of the Shares at the Issue Price (the “Underwriters’ Option”, and together with the Underwritten Offering, the “Offering”), exercisable in whole or in part, at any time up to 48 hours prior to the Closing Date (as defined below). If the Underwriters’ Option is exercised in full, additional proceeds of approximately $5,250,160 will be raised pursuant to the Offering and the aggregate proceeds of the Offering will be approximately $40,250,400.

The Company intends to use the net proceeds from the Offering for general corporate purposes, working capital, and to fund growth initiatives, including future acquisitions.

The Offering is expected to close on or about September 16, 2026 (the “Closing Date”) and is subject to the Company receiving all necessary regulatory approvals, including the conditional approval of the Toronto Stock Exchange (the “TSX”).

The Shares will be offered for sale on a private placement basis in all provinces and territories of Canada pursuant to applicable prospectus exemptions. The Shares may also be offered by way of private placement in the United States pursuant to available exemptions from registration under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) and in such other jurisdictions as are agreed to by the Company and the Underwriters. All securities issued pursuant to the Offering will be subject to a statutory hold period in Canada expiring four months and one day from the Closing Date, in accordance with applicable securities laws.

The securities referred to herein have not been, and will not be, registered under the U.S. Securities Act, or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, any U.S. persons or any persons within the United States absent registration or available exemptions from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. ‘United States’ and ‘U.S. person’ are as defined in Regulation S under the U.S. Securities Act.

About Quarterhill

Quarterhill is a global leader in the Intelligent Transportation System (“ITS”) industry, advancing mobility through smart infrastructure solutions that reduce congestion, improve roadway safety, and create more sustainable travel. Each year, Quarterhill’s platforms process billions of transactions, perform compliance and safety inspections on millions of commercial vehicles, and enable transportation agencies worldwide to optimize thousands of lanes of trac to improve travel for everyone. Leveraging advanced artificial intelligence and machine learning technologies, Quarterhill’s platform delivers automation and predictive insight to help agencies manage transportation networks more efficiently. By working in close partnership with governments, communities, and industry leaders, Quarterhill is building today’s connected roadways while shaping the next generation of intelligent, resilient mobility. Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF. For more information: www.quarterhill.com

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws (collectively, “forward-looking statements”). Forward-looking statements relate to future events, conditions or future financial performance of Quarterhill based on future economic conditions and courses of action. All statements other than statements of historical fact may be forward-looking statements. Such forward-looking statements are often, but not always, identified by the use of any words such as “seek”, “anticipate”, “budget”, “plan”, “goal”, and similar expressions. In particular, this news release contains forward-looking statements pertaining to, but not limited to, the following: the terms and conditions of the Offering, the intended use of proceeds of the Offering, the anticipated Closing Date and ability to obtain all regulatory approvals including the conditional approval of the TSX in connection with the Offering.

Although the forward-looking statements contained in this news release are based upon assumptions which management of the Company believes to be reasonable, the Company cannot assure investors that actual results will be consistent with these forward-looking statements.

The Company’s actual results could differ materially from those anticipated in the forward-looking statements, as a result of numerous known and unknown risks and uncertainties and other factors including, but not limited to: the Company’s inability to meet all conditions precedent to the closing of the Offering, unforeseen circumstances arising that would enable the Underwriters to exercise their termination outs, changes that would require any use of proceeds to be applied differently than anticipated and the ability to obtain all requisite approvals in connection with the Offering, including the approval of the TSX. Additional risks, uncertainties and other factors that could cause any anticipated forward-looking statements in the Company’s public disclosure documents to differ, include: changes in demand for the Company’s products and services; general economic, political, market and business conditions, including fluctuations in interest rates, foreign exchange rates, stock market volatility; reliance on key management personnel; risks related to competition within the Company’s industry and relating to technological advances; litigation risks; cyber-security risks; fixed price contracts may result in unexpected costs to the Company; and the other risks set forth in the Company’s most recent annual information form and management’s discussion and analysis for the three and twelve months ended December 31, 2025 available under the Company’s profile on SEDAR+ at http://www.sedarplus.ca.

The Company’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive therefrom. Readers are cautioned that the foregoing lists of important factors are not exhaustive, and they should not unduly rely on the forward-looking statements included in this news release. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Quarterhill has no intention, and undertakes no obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

SOURCE Quarterhill Inc.

Technology

Enghouse Announces Finance Leadership Change

Published

37 minutes ago

August 26, 2026

MARKHAM, ON, Aug. 26, 2026 /CNW/ — Enghouse Systems Limited (TSX: ENGH) today announced that Rob Medved, Chief Financial Officer, will be leaving the Company following the release of its third quarter financial results to pursue another professional opportunity.

Mr. Medved has been a valued member of the Enghouse leadership team. During his tenure of approximately 9 years, he has played a key role in supporting the Company’s financial discipline and strengthening Enghouse’s financial organization. The Board of Directors and Enghouse management team thank him for his dedication, professionalism and contributions to the Company. We appreciate the leadership and financial expertise he has brought to Enghouse and wish him every success in the next chapter of his career.

In connection with this transition, the Company is pleased to announce that Vinh Lien will be promoted to Vice President, Finance, effective upon Mr. Medved’s departure. Mrs. Lien has been with Enghouse for over ten years and has held several progressively senior finance and accounting roles during her tenure with the Company. In her current role as Corporate Controller, she has been responsible for overseeing global financial and accounting operations.

Mrs. Lien has been an integral member of the Enghouse Global Finance and accounting team with a deep understanding of Enghouse’s financial operations. She has consistently demonstrated strong leadership, sound judgment, and a thorough understanding of the Enghouse business. Her experience and commitment to both financial and operational excellence make her well qualified to assume this role.

The Company expects a seamless transition of responsibilities and does not anticipate any disruption to its operations, financial reporting, or strategic initiatives.

About Enghouse Systems Limited
Enghouse Systems Limited is a Canadian publicly traded company (TSX: ENGH) that provides enterprise software solutions focused on contact centers, video communications, virtual healthcare, telecommunications networks, public safety, and transportation markets. Enghouse employs an acquisition-oriented strategy and operates globally through a network of international subsidiaries.

SOURCE Enghouse Systems Limited

Technology

INTOUCH INSIGHT ANNOUNCES Q2 2026 FINANCIAL RESULTS

Published

37 minutes ago

August 26, 2026

OTTAWA, ON, Aug. 26, 2026 /CNW/ — Intouch Insight Ltd. (TSXV: INX) (OTCQX: INXSF) (“Intouch” or the “Company”), a provider of customer experience measurement solutions, today announced its financial results for the second quarter ended June 30, 2026.

Financial Highlights

Highlights from the three months ended June 30, 2026, compared to the same period in 2025:

Revenue is 8% higher than the prior year. This increase was due to organic growth in SaaS, merchandising and recurring services revenue.Gross margin as a percentage of revenue was 46.7%, compared to 50.4% in the comparative period. This decrease is due to the mix of product sales, coupled with growth of some of our most competitively priced programs.Earnings from operations were $54,361 compared to a loss of $1,021,120 for Q2 2025. The loss in the prior year is due to the impairment of goodwill and intangibles from the loss of a client obtained through acquisition.SaaS revenue increased 18% to $474,999, recurring services revenue increased 6% to $5,879,676, and event marketing automation revenue increased 8% to $572,560.Merchandising revenue was $82,824, compared to nil in the prior year period.Net loss was $43,136, or $0.00 per share basic and diluted, compared to a net loss of $1,112,023, or $0.04 per share basic and diluted, in Q2 2025.Adjusted EBITDA, a non-IFRS measure, was $227,559 compared to $370,812 in Q2 2025; a reconciliation to the most directly comparable IFRS measure is contained in the Company’s MD&A for the period, which is available on SEDAR+ and is incorporated by reference.

Adjusted EBITDA is a non-IFRS financial measure, which is defined as net earnings (loss) before income taxes, adjusted to exclude finance costs, depreciation and amortization, impairment charges, share-based compensation, investment tax credits, and the change in the fair value of contingent consideration.

Highlights from the six months ended June 30, 2026, compared to the same period in 2025:

Revenue is 7% higher than the prior year. This increase was due to growth in SaaS, merchandising and recurring services revenue.Gross margin as a percentage of revenue was 48.1%, compared to 50.4% in the comparative period. This decrease is due to the product mix.Earnings from operations were $237,896 compared to a loss of $649,769 for 2025. The loss in the prior year is due to the impairment of goodwill and intangibles.Merchandising revenue was $120,291, compared to nil in the prior year period.Net income was $64,169, or $0.00 per share basic and diluted, compared to a net loss of $899,421, or $0.04 per share basic and diluted, in the first half of 2025.

Recent Operational Highlights

Presented the Company’s annual convenience industry study during the main stage general session at the Outlook Leadership Conference, hosted by Informa, and announced the top-performing convenience operator award in partnership with CSP Daily News. This year’s study encompassed close to 3,000 site visits across 14 leading convenience brands.Advanced the Company’s entry into the grocery vertical, including proprietary grocery research produced in partnership with Informa Connect and NexChapter, which the Company presented during the general session at the GroceryNEXT conference in Chicago on August 24-26, 2026.Published two proprietary thought leadership studies, the 2026 Emerging Experiences Study on mobile order ahead and the 2026 C-store Trends Report, both of which heighten the Company’s industry profile.Advanced through the qualification stages of a previously disclosed seven-figure SaaS RFP within the Company’s core QSR vertical and is one of the remaining finalists.Secured a second merchandising customer and added contracted merchandising work that is expected to support a significant sequential increase in merchandising revenue in the third quarter of 2026.

Management Commentary

Cameron Watt, President & Chief Executive Officer of Intouch Insight, commented:

“The second quarter delivered exactly what we said it would. Revenue grew 8% to $7,015,784, our strongest quarterly growth rate in seven quarters, with growth across each of our major product lines, and we did it while continuing to fund the investments that we committed to at the start of the year. We told the market we would invest into growth without diluting shareholders, and we have not issued a single share to do it. We intend to fund these investments from cash generated by operations and our existing credit facilities, and we do not anticipate that an equity financing will be required.”

Watt added:

“Our goal to double the business by the end of 2028 remains our focus and our 2026 expectations are unchanged: double-digit organic revenue growth by year end, more than $1 million of merchandising revenue, and continued investment in our strategy, which may result in an operating loss. Merchandising has been slower off the line than we wanted, but the shape of the year is intact. Based on contracts signed to date, we expect third quarter merchandising revenue on its own to exceed the combined revenue of the first half. We are continuing to pursue our stated strategy and remain optimistic in achieving our goals.”

Q2 Earnings Conference Call Information

To participate in this event, register and log-in approximately 5 to 10 minutes before the beginning of the call.

Date: August 27, 2026
Time: 10:30 a.m. eastern time

Register for the live webcast and access on-demand recording: click here. https://events.zoom.us/ev/ApEXp4MTIT3r7mdIyMnepiOj0JWWQZz-8QK_9Gn0AtLGAC-R-pYn~Anj41TOs5ON_y0VBbXslnvdVEyaq_Dsmqwga9gdn5FSs1jbXHdNT1B07Hw

Consolidated Statements of Operations

Q2 2026

Q2 2025

Revenue

$ 7,015,784

$ 6,503,539

Cost of services

3,740,310

3,225,447

Gross margin

3,275,474

3,278,092

Total operating expenses

3,221,113

4,299,212

Income from operating activities

54,361

(1,021,120)

Non-operating (expenses) income

(97,284)

(82,423)

Income tax recovery (expense)

(213)

(8,480)

Net income (loss)

$ (43,136)

$ (1,112,023)

About Intouch Insight

Intouch Insight offers a complete portfolio of customer experience management (CEM) products and services that help global brands delight their customers, strengthen brand reputation and improve financial performance. Intouch helps clients collect and centralize data from multiple customer touch points, gives them actionable, real-time insights, and provides them with the tools to continuously improve customer experience. Founded in 1992, Intouch is trusted by over 300 of North America’s most-loved brands for their customer experience management, customer survey, mystery shopping, mobile forms, operational and compliance audits, geolocation data capture and event marketing automation solutions. For more information, visit intouchinsight.com.

Certain statements included in this news release including those related to the Company’s quarterly results, future products, opportunities and cost initiatives, strategies, and other statements that are predictive in nature that depend upon or refer to future events or conditions, or that include words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, or similar expressions, are forward-looking statements within the meaning of applicable Canadian securities laws. Forward looking statements that are made as of the date hereof, which by their nature are necessarily subject to risks and uncertainties and other factors that may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such statements reflect the Company’s current views with respect to future events, and are based on information currently available to the Company and on hypotheses which it considers to be reasonable; however, management cautions the reader that hypotheses relative to future events which are beyond the control of management could prove to be false, given that they are subject to certain risks and uncertainties. Please refer to the risks set forth in the Company’s most recent annual MD&A and the Company’s continuous disclosure documents that can be found on SEDAR+ at www.sedarplus.ca. The Company does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Intouch Insight Ltd.

Technology

Voltage Energy Will Seek New Trial and Review of Verdict in Shoals Patent Dispute

Published

37 minutes ago

August 26, 2026

CHAPEL HILL, N.C., Aug. 26, 2026 /PRNewswire/ — Voltage Energy Group (“Voltage Energy”), a leading solar and clean energy solutions provider founded in North Carolina, today confirmed that it will seek a new trial following the jury’s verdict in Voltage’s ongoing patent dispute with Shoals Technologies Group, Inc. (“Shoals”) in the Middle District of North Carolina.

Voltage Energy strongly disagrees with the jury’s verdict and believes the judgment is not supported by legally sufficient evidence or the law. The Company will pursue all available post-trial remedies.

“We are confident in our record for appeal and the Court’s prior findings that Shoals violated an agreement prohibiting its counsel’s involvement in obtaining these patents,” said Li Wang, CEO of Voltage Energy. “Voltage independently developed LYNX in 2021 through its own engineering efforts, three years before the patents asserted by Shoals were issued. Our focus remains on proudly powering the renewable energy industry.”

LYNX PLUS, the Company’s latest trunk bus solution featuring a 2kV architecture, 0.5–0.8% higher yield, 10–15% material savings, and 34% voltage-drop reduction, remains in full production and continues to ship to customers as scheduled. Building on this foundation, Voltage Energy will proudly unveil new products and technologies at RE+ 2026, taking place November 17–19 at the Las Vegas Convention Center. Customers and partners are invited to explore its latest solutions at Booths N936 and N736. The upcoming opening of Power Ranch in Roxboro, North Carolina, will further mark the Company’s next milestone in expansion and innovation roadmap.

About Voltage Energy Group

Founded in 2016, Voltage Energy Group (“Voltage Energy”) is a leading global provider of mission-critical power architecture solutions for utility-scale solar, BESS, and data center segments. Headquartered in Chapel Hill, North Carolina, Voltage Energy operates globally with offices in Frankfurt, Germany; Sydney, Australia; and Abu Dhabi, United Arab Emirates.

Rooted in utility-scale solar EBOS, Voltage Energy delivers safe, reliable, and scalable infrastructure solutions that power our partners to move forward with confidence. We strengthen our core business today while building the capabilities required to meet tomorrow’s mission-critical energy and infrastructure needs, from BESS and data centers to microgrids and beyond.

Learn more about us at www.voltageenergy.com.

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SOURCE Voltage Energy Group