FAQ on Roth Canada's Advisory Role in Tiny Ltd.'s Acquisition of Serato and Financing

What was Roth Canada’s role in Tiny Ltd.’s acquisition of Serato Audio Research?

Roth Canada acted as the exclusive financial advisor to Tiny Ltd. on the acquisition of a 66% interest in Serato Audio Research, a transaction valued at US$66 million plus contingent consideration.

How was the acquisition of Serato Audio Research financed?

The acquisition was financed through US$23.6 million in Tiny common shares and US$42.4 million in cash, implying a valuation of 3.2x annualized revenue and 9.6x adjusted EBITDA based on the nine months ended Sept. 30, 2024.

What additional financing did Roth Canada co-lead for Tiny Ltd.?

Roth Canada co-led a C$20 million bought deal public offering of 17.4 million subscription receipts at C$1.15 per receipt and a C$36.1 million private placement of convertible debentures, totaling C$56.1 million in financing.

Why is this transaction significant for Roth Canada?

This transaction highlights Roth Canada’s commitment to supporting high-growth technology and digital platform businesses in strategic M&A and capital markets activity.

Where can I find more information about Roth Canada?

For more information on Roth Canada, please visit https://www.rothcanada.ca/.

What is Serato Audio Research?

Serato Audio Research is a leading global audio software company, in which Tiny Ltd. acquired a 66% interest.

What is the valuation of the acquisition based on?

The acquisition is valued at 3.2x annualized revenue and 9.6x adjusted EBITDA based on the nine months ended Sept. 30, 2024.

Where is Roth Canada headquartered?

Roth Canada is headquartered in Toronto and maintains offices in Vancouver and Calgary.

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