Quarterhill Inc. (TSX:QTRH) entered into a definitive agreement to acquire Red Fox I.D. Limited for $10.2 million on March 15, 2024. The consideration will pay through a combination of cash and equity. The transaction is subject to customary closing conditions. The acquisition is expected to close on, or about, April 1, 2024.

Quarterhill Inc. (TSX:QTRH) completed the acquisition of Red Fox I.D. Limited on April 8, 2024. Oscar Horwich, Andy Williams and Kate Schmit of Stevens & Bolton has advised the key shareholders of SaaS business, Red Fox I.D